Life changes. Have your beneficiaries?

Have you nominated your pension beneficiaries? Do you even know what that means? Or has something significant happened in your life since you last checked who you’ve nominated?

It’s not something any of us particularly like to think about, but it’s really important that you have a say in who your pension passes to if you die before you’ve accessed it.

By completing a beneficiary nomination form, you’re letting the pension trustees know your wishes, which they’ll take into account when deciding who your pension should be paid to.

And life changes. You might have got married or divorced, had children, or simply changed your mind about who you’d like to nominate. It’s an easy bit of pension admin to complete and then completely forget about.

The good news is that it only takes a few minutes to check and update your details, and the process is usually super easy. In most cases, you can do it through your pension login, either online or via your provider’s app.

So, here’s one pension job you could tick off your list today: log in, check who you’ve nominated and make sure your pension information has kept up with your life.