This On Demand was recorded on 21 March 2023.

When sorting out relationship property after a couple separate or when administering a deceased estate, the process of valuing the assets is generally quite straightforward. However, sometimes there are complex issues to be taken into account and determining the value may require the opinion of an expert witness to consider the relevant variables involved.

Actuaries provide independent expert valuations of such assets. Examples are superannuation entitlements (including KiwiSaver), life-interests (e.g. the right to occupy a property rent-free for life), requirements for deferred or immediate payment, or where delivery or distribution of an asset is contingent on the survival of one party or beneficiary until a specified date.

This On Demand will outline the actuarial valuation process and some of the issues that can arise in this context, including factors that can occasionally lead to differing results from opposing actuaries.

This is your opportunity to hear from two very experienced actuaries who have been practitioners in this area for many years and from the Chair, Her Honour Judge Manuel.

Who should view?

Family litigators, Estates and Relationship Property lawyers, General Practitioners, Estates Legal Executives.

Learning Outcomes

• Gain a better awareness of the work that actuaries do in this area and when to engage one.
• Learn about best practice for instructing an actuary including what information to provide.
• Acquire a greater understanding of the actuarial process for valuing a life-interest in an asset and the variables that are taken into account.
• Get to grips with the differences between Defined Contribution and Defined Benefit “Super” schemes and how these are valued, as well as valuation of UK pension entitlements.
• Gain insights into some of the issues and complexities that can arise with the valuations, and the ability to challenge an opposing actuary’s differing view.

Presenter Details

Chair

Her Honour Judge Manuel

Presenter

Bernie Higgins | Consulting Actuary, Bernie Higgins & Associates Limited

Presenter

Peter Davies | Consulting Actuary, Davies Financial & Actuarial Limited