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!
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.