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Liverpool Echo
Liverpool Echo
World
Kate Lally

Martin Lewis warning to millions of people with private or company pensions

Martin Lewis has issued a warning to the millions of people in the UK who have a private or workplace pension.

The finance guru continues to provide financial advice as people across the UK struggle to cope with the cost of living crisis. Mr Lewis, frequently shares tips on shows such as Money Show Live, and has this week began a regular hosting slot on Good Morning Britain.

And on Thursday, the Money Saving Expert took to Twitter to urge people to make a simple check.

READ MORE: Martin Lewis warning after fan discovers he is owed £121,000

He reminded people that workplace or private pensions cannot be left to a person in your will, you have to nominate a beneficiary separately.

Mr Lewis' tweet said: "Warning. Don't accidentally leave your pension to your ex! You CAN’T leave pension savings in your will. Die before taking your private/company pension and the provider/trustees decide what to do with it.

"An expression of wishes (or nomination) form tells them your preference. Fill one in (your provider should have them). If you have, but years ago check it’s up to date or as I was told…

"'Colleague's ex-husband was still on her nomination form. Family had to contest. Nightmare for all involved'".

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