What happens if I die?

If you die while working for the company the trustees will pay out tax-free cash of two times (Standard) or three times (Pension+) your total salary to your beneficiaries.

The trustees may also pay a spouse’s pension, which is payable to him/her for the rest of their life. This will be half the pension you would have received had you retired due to ill health. If you do not have a spouse, we can pay an equivalent pension to another adult dependant. There may also be children’s pension available.

By spouse we mean husband, wife or civil partner.

For full details of the death benefits please refer to the scheme guide.

You are strongly advised to choose who you want to receive the death benefits by completing an expression of wish for cash death benefits form and/or an expression of wish for dependant’s pension benefits form.

If an expression of wish for lump sum death benefits form has not been completed then the trustees will try to obtain your latest will for guidance. If neither are obtainable then any cash death benefits may end up being paid to an inappropriate person.