Who will members’ death benefits be paid to?


  • Employers
  • Payments

In the event of a member’s death, benefits are paid at the discretion of the Trustee. This means they are excluded from the member’s estate for inheritance tax purposes. To assist the Trustees and ensure that benefits are settled quickly, members of the Scheme should be encouraged to provide details of their nominations.

If your employee is a Defined Benefit member they can use the DB Online facility to nominate or amend their beneficiaries online, if they are Defined Contribution member, they will need to update their record in their Retirement Savings Account.

Employees who do not have access to either facility can complete a nomination form or notify us in writing of any changes. The changes must be provided in writing as the member's signature is needed.