Get Uk Bae Systems Nomination Of Beneficiaries Form 2013-2025

An Expression of Wish form is used to name the individuals the scheme administrator should consider when exercising their discretion as to whom any benefits may be paid. It is therefore crucial that Fidelity pension clients complete and send this form on to us.

Who is a Nominee? One or more persons upon whom the subscriber has conferred the right to receive the Accumulated Pension Wealth (APW) in the event of death of the subscriber or in the event subscriber is missing and presumed dead as per the provisions of the Indian Evidence Act 1872 and amendments thereto.

Important note: Without an updated beneficiary nomination form, the trustees are not in a position to identify all your dependants and take your wishes into account when allocating your fund death benefits. They will have to allocate and pay the benefit ing to the limited information they may have.

Your expression of wish is a statement that tells us who you'd choose to receive your pension savings if you die before you retire. We refer to those people as beneficiaries. What you write on the form is a key influence for our trustees as they make a decision about releasing your savings.

A beneficiary nomination form is a document that identifies the person or people that you chose to receive the benefits of a pension or life insurance policy in the event of your death. It ensures that the trustees or service provider know who to pay the benefits to.

You need to complete a nomination form to ensure that the lump sum goes to the right person(s) and/or organisation. You are responsible for keeping your nomination form up to date so that it takes account of changes in your personal circumstances.

If you haven't nominated any beneficiaries, the savings in your pension pot could end up going where you hadn't planned it to. By making a beneficiary nomination, you'll have more control over who you want your money to go to.

For example, your expression of wishes could state that you would like to leave your pension to your spouse, but if this isn't possible (for example, if your spouse turns down the benefits), you would like the funds split equally between your two children.

Completing an Expression of Wish form The client should also complete the Nominees section if they wish to name individuals solely as nominees. This potentially allows nominee death benefits to be paid in the event they are not distributed to the named beneficiaries.