If you die before you retire, the money in your pension pot may be payable to the person or the people who depend on you.
The final decision about who your money is paid to, is up to the Trustee. However, it’s important to keep your nominations up to date as it helps the Trustee to understand your wishes when you die.
If things change, and you’d like your money to go to someone else, you’ll need to update your nominations online.
If you only have a DC pension pot, you can update your personal details on L&G’s secure online member portal, Manage Your Account.
If you’re a member of both DC and DB sections, please update your nomination on XPS’s secure online member portal, MyPension.
You’re likely to be a member of the DB Section of the Scheme if you worked at the Partnership before 1 April 2015. XPS is the administrator of the DB Section.
The DB Section closed on 1 April 2020 and therefore members who joined the Partnership after 1 April 2015 will only have a Defined Contribution pension pot.
This is where you can find information about your current pension if you’re a Partner now, or were a Partner after 1 April 2015. The Defined Contribution pages are probably the most important for you.
Members who joined the Partnership before 1 April 2015 may also hold DC pension pots with Prudential or Legal and General, as well as a Defined Benefit Pension in the Scheme. We previously referred to this as Hybrid or Dual Benefit. This is because you may have joined the DC Section of the Scheme when you started working at the Partnership and then, after a defined waiting period (which depends on the date you joined the Partnership), you would have become eligible to join the DB Section.
The DB Section closed on 1 April 2020 and therefore members who joined after 1 April 2015 will only have a DC Section pension pot.
