The relevant life trust

We've designed the relevant life trust specifically for use with a Royal London relevant life plan.

The business applies for the plan, which must be written under trust from the start with the beneficiaries being the employee covered and their family. This ensures that the benefit is paid to an individual as required by the legislation governing relevant life plans.

The employee is a beneficiary so that if they leave the business, the plan can be assigned to them as a personal plan.

This trust is only available as discretionary trust.

Important note:
Please note this is a guide and shouldn’t be relied on as actual advice.

Last updated: 20 Oct 2016

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The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London EC3V 0RL.