The Scheme Administrator has absolute discretion when deciding to whom to pay death benefits. However, the member should have completed and lodged with the Scheme Administrator a nomination form, indicating whom the member would like the scheme administrator to consider as beneficiaries.
The nomination form is not binding on the Scheme Administrator but they will take account of it as part of their procedures for choosing the beneficiaries.
The member should ensure that the nomination form lodged with the scheme administrator, is always up to date with details of those they wish to be beneficiaries.
The range of potential beneficiaries includes the following:
The following are a member's dependant:
Whatever your retirement needs, one of our experts will be happy to discuss how we can help you achieve your goals.