With the recent launch of PenNet, it’s now easier than ever to tell us who you’d like to receive any benefits payable in the event of your death as you can make and update your Nominations online.

Nominations are an essential part of your benefits with the Magnox Group of the Electricity Supply Pension Scheme and it’s important to keep them as up-to-date as they can be so that the Trustee can take your wishes into account when exercising its discretion on who should receive the benefits payable. It’s not something we like to think about but having the peace of mind that you’ve had your say on this very important matter is invaluable. Plus it’s so quick and easy to do online!

It takes just four simple steps to complete your Nominations form. Here’s how:

Step1: Log in to your myESPS account.

Step 2: Once you’ve logged in, hover over ‘My details’ in your home page menu and select ‘My nominations’ from the list. You can also scroll down to ‘My nominations’ and click ‘Update my nominations.’ On the ‘My nominations’ page, click the button that says ‘Add Nomination’.

Step 3: In this section, you state the person (people, or organisation) you wish to benefit. You need the following details about them:

• Title, first name and surname, or name of organisation
• Address and postcode
• Your relationship to that person (there’s an ‘Other’ option if you’re not related or legally linked).

For the ‘% of lump sum’ field, you choose the percentage of your lump sum benefits you would like to go to that person, people or organisation. The percentage of the total must add up to 100%.

There is now a declaration that you should read and then you should click ‘Preview’.

Step 4: You can now review your Nominations. If you want to change anything, click ‘Edit Details’. Otherwise, click ‘Submit’.

If you wish to keep a paper copy, you can now print these details.

If your personal circumstances change after you have completed your Nominations, you can change your choice at any time, by going to ‘My nominations’ and clicking ‘Update nominations’ in your online account.