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Keeping your Expression of Wish form up to date 

What is it, do I need one, how do I make an Expression of Wish and can I change it?
No one likes to think about their death but it is important that you give the Trustee of your scheme a clear indication of how you would wish any benefits to be distributed in the event of your death. This typically relates to any lump sum death benefits that may be payable but for some schemes the Trustee also has the discretion to award a dependant’s pension.

What is an Expression of Wish?
It is a request to the Trustee of your pension scheme, setting out who you would like to receive any benefits that are payable in the event of your death. This could be your spouse, civil partner, children, other relatives, a charity or any person that you would like the Trustee to consider. There is no limit to the amount of beneficiaries that you can name. You can nominate who you would like the Trustee to consider by completing an Expression of Wish form.
 
Do I need one?
Yes. All members, whether you are an active, deferred or a pensioner member should complete an Expression of Wish form. The Trustee has full discretion to decide which beneficiaries will receive any benefits that are payable in the event of your death. Your wishes would be at the forefront of the decision making process, but the Trustee will consider and decide which one or more potential beneficiaries receives a benefit from the scheme. By making payment in this way death benefits can be paid without Inheritance Tax applying.
 
The Trustee will normally pay out any benefits according to your Expression of Wish, but it will take steps to make sure that doing so is still appropriate. For example, the Trustee may check whether your circumstances had changed significantly since making the Expression of Wish and whether there is any reason to believe that different beneficiaries would be more suitable. The best way to help make sure that your Expression of Wish is followed is to keep it up to date and keep clear records of your intentions.
 
By completing an Expression of Wish form this can also make a significant difference to how quickly your beneficiaries could receive your benefits if you die.
 
How do I make an Expression of Wish?
All BAE Systems pension schemes have an Expression of Wish form which you should complete and return to your Scheme administrator. The forms and instructions for their completion can be found on the relevant pages of this website. For example if you are a member of Level 100+ of the BAE Systems Pension Scheme you will find your Expression of Wish form in the Defined Benefit - Level 100+ section. 
 
If you are unable to download and print a copy of this form, you can contact your Scheme administrator and they will be able to provide you with a copy.
 
How do I change it?
Keeping your Expression of Wish form up to date is the best way to help make sure that your wishes are followed. You can update your Expression of Wish form as often as you like. In fact, it is very important that you keep your Expression of Wish up to date as and when your circumstances change as the Trustee of your scheme will look at the last form it received before your death.
 
The most important point is to ensure it is reviewed regularly and updated if required. There is nothing more problematic than an Expression of Wish that has not been updated to cover a change in circumstance. One not uncommon example is where a member marries for a second time but has nominated their children from their first marriage. Now it may be the case that it is still the member’s wish that their children benefit but one can easily see if the Expression of Wish was not updated after marriage it could be open to challenge. This could cause family friction and delays.
 
Where can I go for more information?
If you need any further information in relation to requesting, completing or updating an Expression of Wish form please contact your Scheme administrator.