Bereavement claims
I’ve named a beneficiary but I’ve been told that my nomination isn’t legally binding on the Trustee. If the Trustee decides not to pay out my pot to my beneficiary, who else would they pay it out to?
The payment of a fund on death is at the absolute discretion of the Trustee. In the event of your …
Why do some death benefits have to be paid in trust?
The most common scenario is where the deceased left children under the age of 18 and any death benefit payment …
What happens if you can’t find my beneficiary in the event of my death?
People’s Partnership is a non-profit making organisation dedicated solely to the financial wellbeing of our members and their dependants. We’ll …
Can I nominate my partner/spouse to receive an income after I die?
No, we do not currently support continued income to beneficiaries. If you were to die before taking your benefits, the …
I’ve nominated my young children as beneficiaries. If I die and they’re still under the age of 18, how do you pay out my death benefits?
If your beneficiaries are under the age of 18 (known as minors), the lump sum will be held in trust …
What paperwork do you require in the event of a death claim?
For all death claims we’ll need to see the original death certificate. In addition, depending on circumstances, we may also …