If you die while you’re still working for IMI, your dependants will get a lump sum of five times your basic pay, called death-in-service benefit.
The value of your pension will also be paid to them, at the discretion of the Trustee. It’s really important that you fill out an Expression of Wish Form to make sure the money gets paid as quickly as possible to the right people.
You can choose anyone you want to receive the money – it can be family members, but it doesn’t have to be. The Trustee decides who gets your death-in-service benefit and the value of your pension but, as long as you fill in the form, they take your wishes into account.
Let us know who you’d like to nominate
It’s easy to nominate the person – or people – who you’d like to receive the money but you must have activated your Mercer Money account in order to do this. If you haven’t done so already, activate your account now.
Login to your Mercer Money account. If you haven’t activated your Mercer Money account, activate it here.
Scroll to the 'My Employee Pension' section on your homepage and select 'Access my pension'.
From the options select 'My beneficiaries' and you'll be taken directly to your pension account to make your nomination.
Once you’ve done it, you’ll only need to revisit this in the event that you want to change your nomination. And you’ll have taken a significant step forward to taking control of your retirement planning.
Do you secretly love pensions and everything about them?