Nominating beneficiaries is one of the most important steps you can take to ensure your pension savings are passed on according to your wishes. This article explains why nominations matter, who you can choose, and how to complete the process using our Expression of Wish form, available in our Document Library.
Why Nominating Beneficiaries Matters
Pensions, including SIPPs, typically fall outside your estate for inheritance purposes. That means your pension provider or scheme trustees decide who receives your remaining pension benefits when you die, but they base their decision on your nominations. Keeping these up to date ensures your wishes are clear and easy to follow.
If no nomination is in place, trustees must exercise their discretion, which can delay payments and may result in outcomes that don’t reflect your intentions.
Who Can You Nominate?
You have complete flexibility over who you nominate. You can choose:
- A spouse or partner
- Children or other family members
- A friend
- A charity
You can nominate multiple beneficiaries and split your pension in whatever proportions you prefer.
You can also update your nominations whenever your circumstances change—such as marriage, divorce, or the birth of a child.
How to Nominate Beneficiaries
Nominating beneficiaries is simple, and we encourage all members to do this as soon as possible.
Step 1 — Download the Expression of Wish Form
Visit our Document Library and download the Expression of Wish form. This form allows you to record the individuals or organisations you would like to receive your pension benefits.
Step 2 — Complete Your Details
Provide your personal information and list your chosen beneficiaries. You can allocate percentages to ensure your intentions are clear.
Step 3 — Return the Form to Us
Once complete, follow the submission instructions on the form. We will update your records and confirm when your nomination is in place.
Step 4 — Review Regularly
Life changes and your nomination should reflect that. We recommend reviewing your Expression of Wish form every few years or after major life events.
How Your Nomination Is Used
While pension scheme trustees must retain ultimate discretion, they use your nomination as their primary guide when deciding who should receive your pension benefits. This ensures your pension can usually be paid quickly and in line with your wishes.
What Happens if You Don’t Nominate Anyone?
If no nomination exists:
- Trustees will decide who receives your pension benefits.
- This may take longer.
- The result may differ from what you would have chosen.
Keeping Your Loved Ones Protected
A clear, up‑to‑date nomination gives your beneficiaries peace of mind and makes it easier to distribute your pension quickly and tax‑efficiently. Taking a few minutes to complete the Expression of Wish form ensures your wishes are known and respected.
If you have any questions or need help completing the form, our team is here to support you.
