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Pension Trustee Resources

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Pension Trustee

Complaints of maladministration before the Pensions Ombudsman and breach of trust claims can use up a substantial amount of trustee time and resources. Trustees must be aware of what protection they have under their scheme’s governing documentation, in law and under any applicable insurance in order to effectively deal with the legal pitfalls of handling such complaints and claims.

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Trustees of pension schemes must be aware of possible conflicts of interest that could arise whilst carrying out their duties. Conflicts of interest can lead to breaches of duty, which can have very serious consequences. This article focusses on conflicts of interest which can arise when employees or officers of businesses are also pension scheme trustees.

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There are many obligations with which pension trustees must comply. All pension trustees need to be aware of their duties to avoid the possibility of being held liable should the scheme suffer a loss. This guidance note outlines some of the key duties that trustees should be aware of and some practical tips to help avoid breaching those duties.

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mpe-guide-to-duties-of-pensions-trustees.pdf
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