A professional who specialises in calculating the value of financial risks and future payments — in family law, most often the value of pensions, especially defined benefit (final salary) schemes. An actuary can prepare a PODE (Pension on Divorce Expert) report to help the court divide pensions fairly. The court must give permission to rely on an actuary's expert evidence, and will only do so where it's reasonably necessary to resolve the case.
In Plain English
A financial expert who calculates the value of complex items like pensions to help the court figure out how to split them fairly.
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