It’s important to make sure your loved ones are taken care of if anything happens to you. The Trustee is responsible for deciding who your death benefits are paid to if you die before you have taken your pension pot from the Scheme.
That’s why it’s important that you let us know who you’d like to receive your pension pot.
To do this, you need to nominate your beneficiaries through your online XPS portal ‘MyPension.’
You can choose to leave your pension pot to more than one person, and it’s completely up to you on how you’d like to split it when you complete the form.
If you need any help completing the form, please contact XPS.
It’s vital that you keep this information up to date as and when life changes, so that the Trustee can consider your wishes.
Are you a member of both DC and DB sections of the Scheme?
If you are a member of both the DC and DB section of the Scheme, XPS are the administrators of your pension. You will need to update your beneficiaries by logging into XPS’s online portal, MyPension. Please note you will not be able to update your beneficiaries on L&G Manage your Account.
