Illuminate 1st October 2020

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Illuminating Workplace Pensions and Employee Benefits Newsletter. Welcome to Illuminate our new Quarterly Workplace Pensions and Employee Benefits Newsletter,

designed to illuminate key points each quarter.

Pensions – Passing on your Pension on death No one likes to talk about it, but you can pass on the full value of your pension savings to your family and friend (also known as your beneficiaries), therefore you need to have an up to date Death Benefit Nomination on file. There have been fundamental changes announced over the last few years and benefits can now be paid to any nominated beneficiary and be distributed tax-free as a lump sum, or paid as income subject to certain limits for those under 75. Most pension scheme members nominate their spouse as their sole beneficiary but again it is worth considering adding anyone else you would like the scheme Trustees to consider paying benefits to. You can also nominate a charity subject to certain criteria. Keeping nominations up to date is extremely important. Please look out for your employers annual or biannual Death Benefit Nominee reminder or discuss when attending your Workplace Pension Clinic.

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Online Security - Introducing our Personal Finance Portal When communicating with scheme members we are increasingly using our Personal Finance Portal (PFP) to send and receive secure messages and documents. Please look out for your PFP invite. Alternatively, to activate your PFP client portal, please follow the following steps: • • •

Visit https://priswmlimited.mypfp.co.uk/account/register Enter the email address we hold for you on file You will then receive an email from us with an activation link to verify your details

If you are already a user of our PFP client portal, you do not need to do anything. ________________________________________________________________________________________


Free Online Seminar - Is Your Pension Working Hard Enough? Join us for an exclusive free online webinar for Corporate Scheme Members, in conjunctions with BMO, a leading Fund Manager. Held over lunchtime, grab a cuppa and relax to listen to our speakers covering investment in the current climate, a market overview and analysis and Q&A Session. This offers a great insight into the decisions fund managers are making daily and how you can ensure you pension works hard enough. We really hope you can make it. You can join the seminar by clicking on the image below.

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