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What Happens To Your Pension When You Die?
Pension death benefits are one of the most valuable, and least understood, aspects of financial planning. With around 35% of UK wealth held in pensions, they play a major role in how wealth is passed between generations, yet many people are unaware that pension benefits often sit outside of their Will.
In this episode, Financial Consultant, Israel Babatunde, explains what pension death benefits are, dispels some of the most common misconceptions, and discusses why beneficiary nomination forms are just as important as having an up-to-date Will. He also explores how Defined Contribution…
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