Who benefits if I die?

If you are survived by a spouse, they would be entitled to a pension of 50% of your deferred pension at date of death, and children’s pensions will also be payable. In certain circumstances the Trustee may pay a pension to a dependant. The amount and duration of that pension is at the discretion of the Trustee.

If a pension is payable, a lump sum equal to your contributions will be payable in addition. The Trustee has discretion over who receives the lump sum. If no pensions are payable, a lump sum equal to the greater of a refund of your contributions and the actuarial transfer value of your pension will be paid.