RPSM10303050 - Scheme Administrator Pages: Death benefits: Payment of lump sums: Member dies aged 75 or over: No nomination is made for payment of a charity or transfer lump sum death benefit
Member dies aged 75 or over: No nomination is made for payment of a charity lump sum death benefit or transfer lump sum death benefit
If neither the member nor dependant makes a nomination the scheme administrator may distribute the remaining alternatively secured pension fund or dependants’ alternatively secured pension fund by paying:
- where the member or dependant entitled to a member’s / dependant’s alternatively secured pension fund, died before 6 April 2007 a transfer lump sum death benefit. The scheme administrator may nominate which scheme member (or members) will benefit from the payment, and / or
- after 6 April 2007, they may pay a charity lump sum death benefit
| Glossary ( RPSM20000000) |
