If you die once you start receiving your pension, your beneficiaries may be entitled to receive benefits from the Scheme.
What’s paid to your beneficiaries will depend on the Scheme Rules that apply on the date you stopped earning benefits, but they would normally include:
If you die within five years of receiving your pension, a lump sum of the remaining payments for the five-year period will be payable. You can fill out a Nomination Form by logging into the M&S Pension Scheme Portal.
This will let the Trustees know who you would like any lump sum death benefits to go to. You can also request a form from the Pensions Administration Team or download a form here.
The Scheme Rules that apply to you may mean that your beneficiaries are not entitled to any benefits in the event of your death. You should contact the Pensions Administration Team to find out which benefits apply to you.
If you are receiving a spouse’s or dependant’s pension, your beneficiaries are not entitled to receive any benefits from the Scheme upon your death.
This information is intended as a guide only and is based on existing Scheme Rules and legislation at the time of publication. It does not create a legal right to certain benefits in the Scheme. The Scheme Rules may be amended from time to time and benefits payable to your beneficiaries will depend on the Scheme Rules in force on the date you left service. In all cases, the Scheme Rules will override any information provided on this site.