How trustees deal with death cases

Taha Lokhandwala looks at how trustee boards distribute a member’s pot in the case of an untimely death

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The many cogs of a pension scheme wheel can cause distress for trustee boards. However, none can often provide the complexity and stress than dealing with a member's lump-sum benefit after an untimely death.

Although not often, trustee boards can be plunged into a world of data gathering, family feuds and ‘playing god' with regards to who benefits from a member's pension. The first thing to be taken...

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