Nominate a beneficiary

Important information

Please read this section before completing this form.

  • If you need any help completing this form you should speak to your financial adviser.
  • If you die before taking all your retirement benefits under your plan, the value of your plan will be paid out in accordance with either the rules of The Royal London Personal Pension Scheme (No2), or The Royal London Stakeholder Pension Scheme (No2).
  • You can complete this form if you have a pension plan with us that is held under either of the two pension schemes mentioned above. If you have a Retirement Annuity Contract (RAC) this is not held under either of these two pension schemes and you should discuss your options with your financial adviser.
  • If you’ve previously contracted out of the State Second Pension and you’ve built up contracted out pension benefits under your plan, we’ll treat these benefits the same as any non-contracted out pension benefits.

You can either complete the form online or if you prefer you can print a version of this form and post it to us. Nomination of beneficiary form (PDF 571KB)

 

Nomination of beneficiary

We (Royal London, the administrator of the above scheme) will use our discretion when deciding who should receive the value of your plan in the event you die before taking all your retirement savings. You can make nominations by completing section 2 below. Any nomination is not legally binding but we’ll seek to follow your wishes. We will however, make changes if we feel it is right to do so. For example if your personal circumstances had changed since you last updated your beneficiaries, such as divorce or separation. It is therefore very important that you let us know if you wish to change your nomination at any point.
By distributing the value of your plan in this way, it means that the payment will not normally be subject to inheritance tax.

If you would like your death benefits to be paid in a different way, please discuss these options with your financial adviser and make a request in writing.

Paying benefits on death

When we’re notified of your death, we’ll explain to your beneficiaries the different ways in which the benefits can be paid to them.

If you have a Pension Portfolio plan, including an Income Release or Self Investment pension plan, or a Retirement Solutions Group Personal Pension or Group Stakeholder Pension plan with Royal London, and you want us to consider giving one or more of your nominated beneficiaries the option of using the amount available for beneficiary flexi-access drawdown, it’s important that you tell us this when completing the information below.

Remember that when you’re choosing your nominations, you can only choose who you want your benefits to be paid to on your death - you can’t choose who any remaining benefits may be paid to when those beneficiaries subsequently die.

Beneficiary form

Please complete and submit the form to nominate your beneficiary.

* Indicates a required field

1. Your details

Personal information collected on this form will be used to administer your request. To understand the detail of how we use your information you can read the privacy policy (opens in new window) or listen on 0800 085 8352.

Personal information
Title *
You will find this on your statement or policy documents. This should be 4-7 numbers long
You will find this on your National Insurance card, benefit letter, payslip or P60. Please enter this without spaces
Please use the format DD/MM/YYYY
This is the email address we'll use to set up your online account. We'll also use it to send you updates about your policy.
Address

2. Details of your beneficiary

Please fill in this section with details of your beneficiary.

Beneficiary
The full name of the beneficiary, including middle names
Please tell us your connection to your chosen beneficiary
The percentage of benefits that will go to this person
Is this person to be considered for beneficiary flexi-access drawdown? *
Add another beneficiary?
Beneficiary 2
The full name of the beneficiary, including middle names
Please tell us your connection to your chosen beneficiary
The percentage of benefits that will go to this person
Is this person to be considered for beneficiary flexi-access drawdown? *
Add another beneficiary?
Beneficiary 3
The full name of the beneficiary, including middle names
The percentage of benefits that will go to this person
Is this person to be considered for beneficiary flexi access drawdown? *
The maximum file size is 4MB
Please review and confirm the total of your proportions add up to 100% *

* Indicates a required field