Looking after your loved ones
If you die while working at Schroders, or after you have left, it’s important to know that your loved ones will be protected financially.
What happens if you die in retirement?
This depends on what options you have taken. There won’t be any benefits payable from the Schroders Retirement Benefits Scheme (the Scheme) as you will have used your individual account to secure your pension benefits outside of the Scheme.
If you die before retiring the value of your individual account will be paid to your beneficiaries as a lump sum. Under current legislation, this payment will be free of both Income and Inheritance Tax.
Ensure your nominated beneficiaries are up to date!
The Trustee has discretion over who will the receive payment if you die before you retire.
You can let them know who you would like to receive this payment by completing an Expression of Wish form. Keeping this information current is crucial to ensure the Trustee understands your wishes. This is especially important if your circumstances change – for example, when becoming a parent, getting married or starting or ending a relationship.
You can update your nominated beneficiaries at any time on Aptia OneView, your personalised portal. Or you can download a form from the Document Library.