Death in deferment

If, having left the Company with entitlement to a deferred pension, you die before your pension commences then a spouses pension will become payable.  This is normally 50% of your pension valued at the date of your death.

For some members, depending upon the section of the Plan that you were a member of, there may be a lump sum payable as well (or instead of).  This normally represents a refund of contributions paid.

The statement sent to you at the time you first left the Plan will set this out in more detail.

Any lump sum death benefits paid are done so under a discretionary trust.  This means that it is the Trustees who have the discretion as to who receives the benefit.  You may indicate who you would like to receive the benefit by completing an Expression of Wish form.  However, this is not binding on the Trustee.