I know this is probably welcome news for those who can benefit but I do find it strange to arbitrarily make the cliff edge a certain age (and feel it is a tad discriminatory for those with no spouse, no dependents or who die at 75 and one day 
).
the new rules:
In the event of your death whilst you are in drawdown (SIPP) your beneficiaries will have the following options under the new rules:
Death before age 75
Taking the pension (SIPP) as a lump sum, tax-free
Any beneficiary can inherit some or all of your remaining fund, tax free. They can do what they like with it. This is a major change.
Continuing with drawdown, with income paid tax free
A dependant or nominated beneficiary can continue to receive your fund as drawdown. They will not be taxed on this income.
Converting your drawdown fund to a lifetime annuity, with income paid tax free
Your spouse or any other dependant can use your remaining drawdown fund to purchase a lifetime annuity. The pension pot is not usually subject to inheritance tax, and the income is tax free.
Death at or after age 75
Taking the pension as a lump sum
Any beneficiary can inherit some or all of your remaining fund as a lump sum. The payment will be taxed at 45% (as income at the beneficiary's marginal rate from 6 April 2016).
Continuing with drawdown
A dependant or nominated beneficiary can continue to receive your fund as drawdown, income from which will be taxed at the beneficiary's marginal rate
Converting your drawdown fund to a lifetime annuity
A dependant or nominated beneficiary can use your remaining drawdown fund to purchase an annuity. The pension pot is not usually subject to inheritance tax, but any income taken from this annuity would be taxed at the beneficiary's marginal rate
Do you still have all your own teeth?
