Armed Forces Pensions - A Guide for Family Lawyers

Introduction

As family practitioners we all know the need to ensure pensions are properly taken into account as part of the financial settlement between the parties.

The Armed Forces Pension schemes are valuable assets and if either your client or their spouse has served in any of the armed services, they are likely to have some benefit under one of the armed forces pension schemes (AFPS).

Whether you act for the member of the scheme or their spouse, having a greater knowledge of the AFPS and how they work will mean that you can provide sound advice and ensure a fair outcome for your client.

What You Will Learn

This webinar will cover the following:

• The different pension schemes for armed forces personnel
• The kind of schemes they are
• The main terms and benefits of the 1975, 2005 and 2015 AFPS for regular personnel (with brief mention of Reserve Forces schemes)
• The impact of Mcloud and some current thinking
• Points for consideration including on:
• Cash Equivalents CEs
• Immediate Pension point
• Early Departure Payments EDPs
• Commutation
• Resettlement Grant
• Ill health
• Implementation

This webinar was recorded on 22nd January 2024