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Nomination of beneficiary

FOI reference - FOI-472

Date - 14 May 2026

Request

  1. The Pensions Regulator's estimate (if held) of the proportion of defined contribution pension pots in the UK that have no nominated beneficiary on record.
  2. Any data or survey evidence held on whether pension scheme members have updated or reviewed their nomination of beneficiary forms since the October 2024 Budget announcement.
  3. The number of complaints or queries received by TPR from pension scheme members or trustees relating to nomination of beneficiary processes since October 2024.
  4. Any guidance issued by TPR to pension scheme trustees regarding nomination of beneficiary forms in the context of the April 2027 IHT changes.

Response

I confirm that we do not hold the information you have requested.

  1. We do not hold this information.

  2. We do not hold this information.

  3. I can confirm that we have not had any specific complaints or queries about TPR’s actions in relation to the nomination of beneficiary processes since October 2024. If we were to receive contact from customers asking us about the nomination of beneficiary, we would direct the customer to the scheme or to MoneyHelper.

TPR can only deal with complaints against itself. This includes complaints about:

  • mistakes or lack of care
  • unreasonable delay
  • unprofessional behaviour
  • bias or lack of integrity

The type of queries TPR can help with includes:

  • Supporting trustees and scheme administrators with their compliance with the regulations to protect member’s benefits.
  • Supporting the use of our systems to ensure that the information we hold is accurate.
  • Supporting employers to understand and comply with their requirements to pay contributions to pension schemes and to automatically enrol eligible employees into pension schemes.
  • Taking reports of concerns relating to the running and actions of regulated pension schemes within our regulatory remit.
  • Providing detailed guidance and codes of practice to help our regulated audience understand their role and requirements and how this can be applied to be in lines with the requirements.
  • Appointing independent trustees to schemes where there are no trustees willing or able to act to protect member’s benefits.
  • Gathering levies to support the running and administration of pension scheme regulations.
  • The monitoring and registration of Master Trust Pension schemes.
  1. TPR hasn’t explicitly provided guidance on IHT as set out in your request. However, in the Code of Practice, it is made clear to trustees that “Governing bodies are responsible for complying with their legal duties, even where they have chosen to delegate the task of meeting these to another party, such as an administrator or sub-committee”.
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