We are currently working directly with RBC to correct an issue where some EFT payments were rejected as a result of RBC's enhanced security checks.
If you do not have a spouse, you may name anyone to receive the death/survivor benefit if you pass away.
If you are in a spousal relationship, that person is your primary beneficiary unless there is a signed Spouse's Waiver on file. Your spouse would be designated as your primary beneficiary and you may choose to name a contingent beneficiary(ies) to receive the benefit if your spouse predeceases you.
Resources to learn more about designating a beneficiary:
Understand Your Pension - Beneficiary Designation
Beneficiary changes completed online are immediate.
If you mail a request, processing will be completed in approximately three business days of receipt of required documents.
It is free to update your beneficiary(ies).