CBF

Mergers, Takeovers & Buy-outs

Mergers, Takeovers & Buy-outs
It is essential to ensure that no unexpected liabilities emanate out of an acquisition or management buy-out. Pension assets and their potential liabilities, depending on the type of scheme involved, therefore need to be evaluated precisely to avoid any future financial problems.

We have been involved in the pension aspects of numerous acquisitions and management buy-outs and are therefore experienced to be able to provide suitable advice, together with our Actuary, to those considering such events.

Divorce
With effect from July 1996, courts had the power to make future "earmarking orders" against the pension scheme of the husband (or wife) in favour of the spouse. This causes certain administrative nightmares and more commonly the pension assets are offset against other financial assets. However, specialist advice is required to ascertain the proportion of pension assets, whether offset or not, available and what proportion is allocated to each party. This process is set to become more complicated with the impending legislation allowing pension splitting. Essentially this involves the immediate apportionment of pension benefits between the divorcing parties, creating a clean financial break on divorce.

As with legal advice, it is becoming more and more essential to obtain specialist pension advice on divorce to ensure that the apportionment of pension rights is correctly calculated and that the most suitable procedure is undertaken (i.e. earmarking, splitting or offsetting).

Pensions are not the only consideration in divorce proceedings. Consideration of the aspects concerning mortgage, life assurance and child maintenance may need to be addressed.

We have expertise in all areas of the financial aspects on divorce and can therefore provide an in-depth report suited to specific circumstances; useful in negotiating settlements.

Loans and Commercial Morgages

Rest assured though we scour the market for the best rates available, and are confident enough to guarantee you a mortgage even if you have been declined elsewhere, so long as you only wish to borrow up to 75% of the property value.