In case of a joint account the terms and conditions associated with it will apply to both account holders, i.e. both together and separately.

In a defined benefit plan or a money purchase plan, the form of retirement benefit payment, unless you and your spouse (if any) choose otherwise, must be a series of equal, periodic payments over your lifetime, with a payment continuing to your spouse for the rest of his or her life if he or she survives you. The periodic payment to your surviving spouse must be at least 50 percent, and not more than 100 percent, of the periodic payment received during your joint lives. See similar questions...

A joint and survivor annuity pays a certain annuity during your life and half that amount (it could be more) to your surviving spouse for life. In almost all cases, the annual amount you will get under a joint and survivor annuity will be less than you would get under an annuity on your life alone. See similar questions...

FlatManager.com is simply a way of recording who has paid for what in a shared flatting situation – no money is ever transferred through FlatManager.com on behalf of the shared flat. See similar questions...

Federal law requires all pension plans, whether they are defined benefit plans or defined contribution plans, to provide benefits in a way that includes a survivor benefit for the participant's spouse. The provisions creating these protections are contained in section 205 of ERISA and sections 401(a)(11) and 417 of the Code. The type of survivor benefit that is required by Federal law depends on the type of pension plan. See similar questions...

A Joint and Survivor Payment Option (J&S Option) provides a continued payment to your spouse in the event you die prior to your spouse after you retire. Click here for details (PDF, 11K). See similar questions...

A Joint and Survivor Option (J&S Option) provides continued payment to your spouse in the event you die prior to your spouse, after you retire. The participant’s monthly pension will be reduced when a J&S Option is in place. Click here (PDF, 11K) for additional information. See similar questions...

Each fractional-ownership company's bank account is administered in terms of Standard Bank's Third Party Fund Administration (TPFA) Scheme by the accountant of the fractional ownership company. The TPFA scheme obliges the accountant to purchase fidelity insurance to cover claims in the event of any fraudulent misappropriation of company funds. TPFA scheme bank accounts are superior to regular bank accounts as they attract call rates of interest and lower than normal bank charges. See similar questions...

Once you signup for Fantasy Survivor, an email will be sent to the email address that you provided during the signup process. This email will contain an Activation Key. This is to ensure that you are who you say you are. To make things easier, there is a link in the email to automatically activate your Fantasy Survivor account. See similar questions...

Obtain a new "Terms & Conditions" from your branch and submit same duly signed by all joint account holders See similar questions...

Yes, so long as both names are not required to set up any new transactions. If this is not the case please contact us on 020 7239 1983 to request a postal form for the joint account holders to sign or alternatively download it. See similar questions...

No. Members who previously elected a single life or period certain annuity are not eligible to change their annuity. See similar questions...

Joint and survivor annuities are almost always required in pension plans, and sometimes in other plans. But you and your spouse can still agree to some other form. Chief reasons for such agreement are so that your child or other family member can share in the income, or to take a lump sum distribution, or to take a larger annual amount over the participant's life alone. See similar questions...

No. Only your spouse can waive his/her rights to a joint pension. To waive his/her rights your spouse must sign an approved form (Form 2), in the presence of a witness, no more than 90 days before you start to receive the pension. You are not permitted to be present when your spouse signs this form. See similar questions...

One hundred percent of your monthly annuity would be paid to your annuity beneficiary upon your death. See similar questions...

The second type of survivor annuity under an ERISA-governed defined benefit pension plan is called the Qualified Joint and Survivor Annuity (QJSA). This surviving spouse annuity is payable if the participant predeceases his spouse after his benefit commencement date. This form of benefit can be selected at retirement or may even be automatic if the participant is married on his date of retirement. See similar questions...