We would like to remind all members of the importance of completing an Expression of Wish form and keeping it up to date.
The contents of this form help the Trustees understand who you would like to receive any lump sum benefit that may be payable by the Baptist Pension Scheme when you die. This could be your spouse, civil partner, children, other family members or friends, a charity or any other person. The is no limit to the number of beneficiaries that you can name, and you can ask for the lump sum to be split in the proportions you wish.
Completing an Expression of Wish form is an important part of your pension planning. Whilst the Trustees have discretion to decide which beneficiaries will receive any benefits that are payable frrom the Scheme when you die, your wishes will be considered first. Failure to complete an Expression of Wish form can therefore cause delays in paying benefits and additional stress for loved ones at a difficult time.
It is especially important to update your Expression of Wish form when your circumstances change - for example, if your personal relationships change or you have children.
It only takes a few minutes to fill in an Expression of Wish form and this can be done via Engage Members (formerly 4myPlan), your online pensions portal. Engage Members is available online from any computer at the following link Broadstone Engage Member. Alternatively, please contact the friendly team at Broadstone, the administrator for the Baptist Pension Scheme, by telephone on 0117 937 8700 or by email at baptistpensions@broadstone.co.uk and they will be happy to send you a form to complete.
Please note that Inheritance Tax rules are under consultation by the UK Government and this may result in death benefits being subject to Inheritance Tax. You may wish to bear this in mind when nominating you beneficiary/ies and keep up to date with tax rule changes.
How to register for Engage Members
Engage Members is a secure, member access portal run by Broadstone to help you manage your pension savings online.
If you are yet to regsiter for Engage Members, it is easy and will only take a few minutes. You'll just need:
- Your activation code - this will be provided by Broadstone (see contact details below)
- Your National Insurance Number
- Your Date of Birth.
Simply go to https://engage-members.broadstone.co.uk on your computer, follow the instructions on screen and you will soon have access. Please note once you have registered with Engage Members you will be sent a link to verify your email address - please ensure you follow this link, otherwise your registration will not be complete.
If you have any questions about Engage Members or the registration process, please contact Broadstone by telephone on 0117 937 8700 or by email at baptistpensions@broadstone.co.uk and they will be happy to help.