RPSM12304020 - Scheme Administrator Pages: Information Requirements and Administration: Information requirements where the scheme member has died: Information from an insurance company to the deceased's personal representatives

Information from an insurance company to the deceased's personal representatives

When a person who has been paid a lifetime annuity or a scheme pension from an insurance company has died, and the lifetime annuity or scheme pension was purchased with sums or assets held for the purposes of a registered pension scheme of which the person was a member, that insurance company shall on request of the personal representatives of the deceased member provide the following information, within 2 months of the date of the request being received.

The information to be provided is the total percentage of the standard lifetime allowance expended at the date of providing the statement by benefit crystallisation events in respect of the deceased member.

The benefit crystallisation events to be included are

• any benefit crystallisation event in relation to the deceased member under the registered pension scheme, to the extent that the sums and assets subject to the benefit crystallisation event or sums and assets subsequently representing those sums and assets have not been transferred to another registered pension scheme, and
• where sums or assets have been transferred to the scheme from another registered pension scheme (whether directly or indirectly) in respect of the decased member's rights, any benefit crystallisation event in connection with those sums or assets, and any benefit crystallisation event in connection with any other sums or assets held prior to the transfer which those sums or assets represented.

Guidance on calculating the cumulative total percentage of standard lifetime allowance expended for the purposes of providing information under this provision is at RPSM12303040.