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Consumer > How a pension works > Death benefits Death benefitsPensions are primarily designed to provide a regular income on retirement, however, if you were to die before receiving your pension benefits, you have the security of knowing that your pension fund can provide either a lump sum or a regular income for your husband, wife, civil partner and/or dependants. If you have no husband, wife, civil partner or dependants, you could nominate another person/organisation to receive your pension fund, otherwise death benefits could be paid to your estate.
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