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Pensions Glossary

Overwhelmed by all the pension jargon? Fear not, our pension glossary has you covered. All the important terms and acronyms explained right here.

What is a Beneficiary?

If you’re entitled to the benefits from a pension scheme then you’re a beneficiary. The word also refers to anyone who is entitled to the benefits from your pension scheme if you die. You’re usually asked to nominate a beneficiary, often a spouse or dependent, when you take out a pension.

Related Terms

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