Nigel Cayless examines the issues on passing on pension benefits in FT Adviser
Associate director, Nigel Cayless, discusses how important it is for members to understand what benefits are payable and who they can be paid to on their death.
Writing in FT Adviser, he notes the keys points to keep in mind:
- A recent case involving a former RAF linguist highlights the problems of passing on a pension after a member’s death
- Many DB schemes will pass on the pension to the deceased’s spouse
- For DC schemes, the most likely death benefit is a lump sum
Read the full article in FT Adviser