Protect trustees and pension beneficiaries against associated risks
With the percentage of UK citizens over the age of 65 expected to reach around 24% of the entire population by 2040, the need for pensions is likely to be greater than ever. This will put more responsibility on trustees as they deal with the associated liabilities of a pension. Trustees have the responsibility of personal liability, which can continue long after the pension scheme has been wound up meaning they won’t have access to the scheme to meet those liabilities. We offer solutions to protect trustees beyond the fixed term period. Due to turbulent economic conditions, corporate directors and officers face unprecedented liability risks, along with the growing threat of litigation and investigation. The consequences can be enormous.
We are happy to consider all risks and industries on a bespoke basis, no matter how big or small. Our team consists of experienced underwriters who can help provide the right solutions for trustees.
Trustees are protected from their personal liabilities as they manage pension plans. Cover can be extended to include clerical error to protect trustees against claims of incorrect data leading to unsecured benefits.