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The Independent UK
The Independent UK
Lifestyle
Holly Bishop

Martin Lewis issues urgent pension warning many people miss

  • Martin Lewis, the MoneySavingExpert, has advised individuals to perform a crucial pension check.
  • This check aims to prevent pension funds from being accidentally paid to an ex-partner upon the holder's death.
  • Lewis highlighted that many people fail to update their “expression of wishes form” for private or workplace pensions.
  • This form is vital as it informs pension trustees who should receive the savings.
  • An outdated form could lead to unintended beneficiaries, such as former partners, receiving the pension funds.

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