Revaluation – Are you getting it wrong?

Good morning,

Hope you are exceptionally well today.

Been overwhelmed by two things recently — firstly, due to the huge support and instructions continuing from you – thank you, as I absolutely love my vocation and being able to help; and secondly i’ve been overwhelmed at my lack of pace, having made a somewhat comical return to veterans football on Friday mornings at 6.30am?! (currently out injured!)

Segwaying perfectly, where we risk leaving our clients seriously underwhelmed, is by not understanding revaluation in public sector pension schemes (aka final salary; aka defined benefit)

Put simply, if the scheme that your client may have been a member of, or may be a member in the future is with the public sector, then you are probably under settling your claim by an average of 34.69% and it could be more or less depending on the timeframes involved.

I successfully argue in joint statements how revaluation over and above CPI included in the Ogden 8th edition multipliers should be included in defined benefit public sector schemes and why.

Now if you are anything like most solicitors you may think – ‘bugger, I’ve just done one’ or words to that effect – however, do not fear – you can run it by me and the team and instruct me as your agent under Smith Graham v Lord Chancellor or Cross Practice Direction 47; 5.22 (6) – this means similar to how you might use an agent for medical pagination or costs, you can use me and my team to put calculations in your schedule whilst claiming your time/hourly rate.

Get in touch by emailing myself or the team at enquiries team at enquiries@paladinfinancialexperts.com and for ease, I attach a checklist of information to help with the usual ‘what shall i send’ enquiries which will save us all some time.

Remember too, we have a welfare benefits team in place and turning around full reviews normally within 10-15 days – you can claim the cost (£250) as a disbursement.

May your week be a happy one.

Very best, Ian

Ps. Paladin are gratefully working with MLAS who provide our end to end back-office support and administration – Not only are we the only financial experts to be accepted by MLAS, it also means you can pay fees via any of the expert panels you work with, whilst these are mostly medical, Paladin have been thoroughly reviewed, assessed, due diligence completed and awarded panel status on the following:

Absolute – Apex (Specialists) – Apex (MedCo) – AVMA (Action aginst Medical Accidents)  – BodyCare Clinics – Bolt Burden Kemp – CL Medicall – Connexus – Doctors Chambers – e-medicals – Enable Law – Evoque Medical – Exclusive Health – Expert Medical Services – 

Foresight – GMS + Associates – INNEG  – Lawyers Medical Agency – MAPs – MDDUS – Medical Care Clinics – Medical Pros – Medicus Legal – MedReports – Medicase – MEOL Medicals – MEWA – MSRG – On Medical – On Time Reports – Optimal Medical – PALs – Pegasus – 

Plexus (D) – Premex+ – Premier Medical – Premier Specialist – QMG – Rapid Medical Services – Report Support – Stewart House – Servian Medical – Silverline Medicals – SK Med – Swift Rehab – Target – TLA  – Tri-Star Medicals – UKEM – UKIM – Your Legal Friend – Xperta Pro  

Ian MacKendrick

Ian MacKendrick

Fellow & SOLLA Accredited Chartered Financial Planner, Expert Witness and Dementia Friend.

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