Family Benefits – Flexible

If you die after leaving the Scheme but before you qualify to start drawing your pension, the following amounts will be available to provide death benefits:

Investment Related Section

The amount equal to the balance (if any) in your Pension Account.

Pay Related Section

Your transfer value at date of leaving calculated on a basis specified in the Scheme rules and then revalued in line with the performance of a notional portfolio of investments agreed periodically between the Company and the Trustee; or, if greater, the statutory cash equivalent. Note that transfer values can be reduced in some circumstances.

© Clarks Pensions 2014