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Death in deferment

Death in deferment

If you die after leaving the Scheme, but before your preserved pension comes into payment, a Death Benefit Lump Sum equal to the value of your preserved lump sum may be made to your beneficiary.

In addition your widow(er) will normally receive an immediate pension, normally at least half the current value of your own preserved pension. A child's pension, if applicable, will be payable from the day after your death.

Who will receive the lump sum payment?

If the scheme administrators hold a valid Nomination for Death Benefit form the benefit may be paid to that person. You should make sure that your nomination is up to date and reflects your wishes for the distribution of the lump sum payment.

If you have not already done so you are strongly advised to complete a Nomination for Death Benefit Form. Click here to access a form and details about nominations.