Death Benefits

an important reminder

In the event of a member’s death, benefits in the form of a lump sum and/or a spouse's pension may be payable. The death benefits payable under various scenarios are set out below.

To ensure that any lump sum benefit can be paid as quickly as possible and to support favourable tax treatment, the Trustee Directors have to exercise discretion to decide who will receive payment. This is one of the Trustee Directors’ most important duties.

To guide them, the Trustee Directors ask that you complete and return a confidential expression of wish form. While your wishes are not binding on the Trustee Directors, they will be taken into account when deciding who should receive any lump sum benefit.

Please regularly review your expression of wish form and keep the Trustee Directors informed of your wishes. If your personal circumstances change, for example if you marry, enter into a civil partnership, separate, divorce or have a child, you may wish to update your expression of wish form. If you have access to the Company’s Workday HR system (only available through its intranet) you can now provide such directions using its self-service functionality.