When you nominate a beneficiary, you're designating someone who will receive both your savings and any additional insurance coverage in the unfortunate event of your passing.
Who Can Be Your Nominated Beneficiary:
Your nominated beneficiary can be:
- A British citizen
- A registered charity
- Any other UK organization, excluding FDIT Credit Union If your desired nomination falls outside these categories, we recommend designating the executor of your will as the sole beneficiary, along with providing them clear instructions.
In cases...