The Pensions Regulator

Paying lump sum death benefits

If you are a trustee of a pension scheme, you may need to know whether lump sum death benefits can be provided from your scheme or whether a separate scheme, which only provides these benefits, should be set up.

Likewise, if you are an employer sponsoring a pension scheme you may want to be sure that the scheme is set up properly.

in this section...

The regulator's role
how we view breaches of section 255 of the Pensions Act

What are lump sum death benefits?
lump sum benefits for section 255 purposes

Considerations
group life only schemes and cross-border schemes

Providing lump sum death benefits
provision to members from pension schemes

Scenarios
how the regulator sees section 255 operating in practice