"In this world, nothing can be said to be certain, except death and taxes."
Whilst this is true, one way to ensure that your assets go to the people you want after death is to write down your wishes in a legally recognised format. This format is usually a will but when applied to pensions this is most often called an expression of wish form, a nomination of wish form or, a nominated beneficiary form. This confirms the person(s) you want any pension benefits to pass to on your death.
For cohabitees, as this case shows, this is even more important and is likely to take some of the pain and legal process away so that loved ones get relevant pension benefits without delay.
How many employees in current workplace pensions have no expression of wish form or have not reviewed it for years? Reminding them of this is something that should be included in any financial education programme and part of regular pension communications.
Court rules that woman can receive co-habiting partner’s workplace pension The Supreme Court has ruled that an unmarried woman is entitled to receive payments from her co-habiting partner’s workplace pension scheme following his death. Denise Brewster, who brought forward the review, had been living with William Leonard McMullan for 10 years in the shared home that they bought together in 2005, when he died unexpectedly at the age of 43 in 2009. Before his death, he had worked for Northern Ireland’s public transport services organisation, Translink, for 15 years and was a member of the Local Government Pension Scheme Northern Ireland, which is administered by the Northern Ireland Local Government Officers’ Superannuation Committee (NILGOSC).