Expressions of wishes: What's the worst that can happen?

A critical part of death benefits planning

clock • 4 min read

Caitlin Southall takes a detailed look at expression of wishes and highlights the importance of keeping them up to date...

Expressions of wishes are requests from clients to their pension provider as to how to deal with their pension when they pass away. Often pension providers will supply their own forms to complete, requesting specific instructions as to how the pension is to be distributed, and clients have the opportunity to split by asset or percentage of the overall pot. Think of them as like a will for the pension, bearing in mind that the pension will sit outside of the wider estate from a both a will and inheritance tax perspective. A client's circumstances are likely to naturally change over ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Retirement confidence: Why are women still lagging behind?

Retirement confidence: Why are women still lagging behind?

'If we don't do better, the gender pensions gap won't be closing any time soon'

Laura Barnes
clock 14 January 2025 • 4 min read
Administrators reach sale deal for PSG's Unity SIPP

Administrators reach sale deal for PSG's Unity SIPP

Scheme operated around 5,500 SIPPs

Jen Frost
clock 10 January 2025 • 2 min read
Pension predictions for 2025: IHT, 'mega funds' and targeted support

Pension predictions for 2025: IHT, 'mega funds' and targeted support

PA talks to retirement experts about what 2025 has in store

Jenna Brown
clock 09 January 2025 • 3 min read