Service Personnel and Veterans Agency

Defence written question – answered on 19th December 2011.

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Photo of Gareth Thomas Gareth Thomas Shadow Minister (Cabinet Office), Party Chair, Co-operative Party

To ask the Secretary of State for Defence how many applications to the Service Personnel and Veterans Agency relating to divorce, including pension sharing orders and transfers for calculating cash equivalent transfer values, are subject to a suspension of processing; when he expects those suspensions to be lifted; and if he will make a statement.

Photo of Andrew Robathan Andrew Robathan The Parliamentary Under-Secretary of State for Defence

As at 14 December 2011, the Service Personnel and Veterans Agency had some 400 cash equivalent transfer valuation applications, and no pension sharing orders, that have been subject to suspension of processing. This is an issue common across all public sector schemes following pension changes announced in the 2011 Budget which led to the suspension of all such processing pending new guidance from the Government Actuaries Department on new actuarial factors.

It is estimated that the suspension will be lifted early in the new year.

Officials are prepared to consider making interim payments on a case by case basis until this issue is resolved.

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