Three quarters of UK adults have not actioned expression of wish for pension benefits

Mark Battersby
clock • 2 min read

New insight from Canada Life reveals three quarters (72%) of UK adults say they have never completed an expression of wish form, which nominates beneficiaries in the event of the passing of the customer who has the pension benefits. Among those aged 55 and over, 71% say they haven't completed one of these ‘pension wills'. An up-to-date expression of wish form is held by the pension company, and in the event the customer dies, it will help distribute the pension quickly and efficiently taking into account your views. Absence of an expression of wish form could result in delays to an...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login