This is a type of valuation given to a pension fund. Roughly, if the fund were transferred to another pension provider at the given date, it is the figure that the new pension provider would receive. It is often the figure given most weight in the courts and by family lawyers in negotiations; but other approaches to valuations may sometimes be more beneficial or appropriate. When it is agreed or determined that a pension share may be required, it is usual for a pension report to be undertaken by an actuary.