We are in the habit of updating our Will on a regular basis, such as though a marriage, divorce or the death of key people named in our Will. But how many of us fail to review to whom our pension or death in service benefits are going to go to. These are often set years back when we first took out these schemes and reviewing it can easily be overlooked.
So if you don’t want your pension or other benefits going to the wrong person, then take a few moments to see who is named on the policy. If you don’t change it, then the person you named all those years ago, is the person who will get the benefit, regardless of their current relationship to you,
How would your current partner feel if everything went to your ex?
Maybe now is right time to review the named individuals on these policies before it is too late!