Payment of lump sum death benefit to nominees or personal representativesN.I.
124.—(1) The scheme manager may pay a lump sum death benefit to—
(a)the person or persons nominated by the member under regulation 122 (“the nominees”);
(b)the member’s personal representatives; or
(c)both the nominees and the member’s personal representatives.
(2) If the scheme manager decides to pay all or part of the lump sum death benefit to the nominees and more than one individual has been nominated, the payment is to be made to them—
(a)in the proportions specified by the member in the nomination; or
(b)if the member has not specified proportions, in the proportions the scheme manager considers appropriate.
(3) If the scheme manager decides to pay the lump sum death benefit to both the nominees and the personal representatives, the payment is to be made to them in the proportions the scheme manager considers appropriate.