Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Requirements definition

What does Requirements mean? In Development Consent Order (DCO) practice, Requirements are the binding conditions that regulate how, when and on what detailed terms the authorised development may proceed. They typically oblige the undertaker to submit and secure approval of detailed design, construction, and environmental management documents (for example, CEMP, traffic, landscape, contamination and archaeology plans) before commencement, phased works or operation. The term is used in legislation: section 120 of the Planning Act 2008 permits a DCO to impose “requirements”. In most DCOs they are set out in a schedule (often Schedule 2) and function similarly to planning conditions under the Town and Country...

Valuing pensions in family financial remedies: CE method, limitations, alternative valuations, SSAS, transfer options and expert evidence (England and Wales)

Published by a LexisNexis Family expert

Practice notes

This Practice Note outlines how pension rights can be valued and the factors to be taken into account in the context of family proceedings. It further addresses the practical Requirements when appointing an expert to report on pension values, together with the consequences of internal and external transfers of pension credits...

Prescribed valuation method

Whether a pension is to be offset, attached or shared, the prescribed statutory valuation basis is the Cash equivalent (CE). Where the pension is already in payment, this may instead be described as the cash equivalent of benefits (CEB). The rules for calculating and verifying CEs are contained in the Pension Sharing (Valuation) Regulations 2000, SI 2000/1052:

reg 4 sets out how CEs for rights within occupational pension schemes are to be calculated and verified
regs 5 and 7 set out how CEs for rights in pension arrangements other than occupational pension schemes are to be calculated and verified

The CE will be dated as at the day the pension provider receives the request...

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Rebecca Dziobon

Penningtons Manches Cooper

Rebecca is an experienced family lawyer having trained and worked on complex financial and children matters at both City and regional firms for ten years. In 2011 she was nominated for, and appointed as, a member of the Resolution Pensions, Tax and Property Committee. She has authored the LexisPSL Family sections on pensions, insurance and trusts since 2013. In 2015 Rebecca moved into a knowledge lawyer role and is now senior knowledge lawyer at Penningtons Manches LLP. She is responsible for equipping the family team with the best tools to provide excellent client service. She also works collaboratively across the wider firm to devise and deliver business improvement initiatives ...

Web page updated on 22/05/2026

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