From the blog: Pensions and their governance framework are becoming increasingly complex while, at the same time, the role of scheme trustees is coming under extra scrutiny.
Both the scheme rules (exoneration and indemnity provisions) and insurance can offer trustees protection against individual member complaints and general litigation, but many trustees are unfamiliar with these protections and how to make use of them.
Questions have also been raised about whether trustees should seek to rely on these protections at all.