Life's big changes

Death

If you die before you start claiming your preserved benefits, a cash lump sum could be paid to your beneficiaries.

To make sure this lump sum is paid to the right people/organisations as soon as possible, it's a very good idea to complete a Nomination form. This tells the Trustee who your beneficiaries are.

You can complete, change or update your nominations online at myRPS. It's quick and easy!

Divorce or dissolution

The breakdown of a relationship is a difficult time.

It’s likely your preserved pension will be taken into account along with your other assets when a financial settlement is being worked out for divorce or dissolution.

However, if you are living with your partner but are not married or in a civil partnership, they are not entitled to any of your pension benefits if you separate.

Read more in our Divorce and your pension guide.

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Each of Railpen Limited (registered in England and Wales No. 2315380) and Railway Pension Investments Limited (RPIL) (Registered in England and Wales No. 1491097) is a wholly owned subsidiary of Railways Pension Trustee Company Limited (Registered in England and Wales No. 2934539). Registered office for each company: 100 Liverpool Street, London EC2M 2AT. RPIL is authorised and regulated by the Financial Conduct Authority for some of its activities. The administration of occupational pension schemes is not a regulated activity. Full details about the extent of RPIL's authorisation and regulation by the Financial Conduct Authority are available from us on request.