PTM165200 - Information and administration: information that must be provided if requested by the deceased member’s personal representatives
Glossary |
Following a member’s death their personal representatives have to work out if the lump sum and death benefit allowance of the member has been exceeded on the payment of any lump sum death benefit. They may be able to establish this from the deceased member’s papers. However the personal representative may need more information to enable them to do this. Personal representatives can ask for more information from pension scheme administrators and insurance companies.
Requirements for scheme administrators
Requirements for insurance companies
Requirements for scheme administrators
Regulation 8 The Registered Pension Schemes (Provision of Information) Regulations 2006 - SI 2006/567
If the personal representative(s) requests it the scheme administrator must tell them the total amount of the member's lump sum and death benefit allowance used up by:
- any relevant benefit crystallisation events (rBCEs) under the scheme in respect of the member to the extent that sums and assets representing those benefits have not been transferred to another registered pension scheme, and
- where the scheme has received a transfer of crystallised rights the relevant benefit crystallisation event that occurred in respect of those transferred in rights.
However the scheme administrator should not include any amounts in respect of any payment of relevant lump sum death benefit payment, a defined benefits lump sum death benefit or an uncrystallised funds lump sum death benefit.
This information must be provided within two months of the scheme administrator receiving the request for information from the deceased member’s personal representative(s).
Guidance on calculating the total amount of member's lump sum and death benefit allowance crystallised for the purposes of providing information under this provision is at PTM164400. Note that there are special rule for members who had fixed protection, fixed protection 2014, fixed protection 2016, individual protection 2014 or individual protection 2016.
Requirements for insurance companies
Regulation 9 The Registered Pension Schemes (Provision of Information) Regulations 2006 - SI 2006/567
An insurance company must provide certain information to a deceased member’s personal representative(s) if that insurer had been paying to the member either a lifetime annuity or scheme pension that had been purchased with registered pension scheme sums and assets.
The information to be provided is the total amount of the member's lump sum and death benefit allowance expended up by:
- any relevant benefit crystallisation event under the scheme in respect of the member to the extent that sums and assets representing those benefits have not been transferred to another registered pension scheme, and
- where the scheme has received a transfer of crystallised rights the relevant benefit crystallisation event that occurred in respect of those transferred-in rights.
This information must be provided within two months of the insurance company receiving the request for information from the deceased member’s personal representative(s).
Guidance on calculating the total amount of the member's lump sum allowance crystallised for the purposes of providing information under this provision is at PTM164400. Note that there are special rules for members who had fixed protection, fixed protection 2014, fixed protection 2016, individual protection 2014 or individual protection 2016.