S226 not in trust- position on death

TomLloyd_Read

We've just taken on a client who has an old S226 not in trust and so payable to the PRs on death. I guess there is a short term benefit in assigning this to trust. On death either pre trust or post 2027, is the payment to the PRs subject to IHT (wealthy client, estate will pay IHT) and the special lump sum death benefit charge? Couldn't see anything that suggests it wouldn't, but may be a clause somewhere that exempts this type of policy.