Pensions Trustees Liability – Discontinuance / Run-Off

Continuing protection for past trustees and scheme managers.

Pension Trustees Liability (PTL) Run-Off provides ongoing protection for former trustees, sponsors, and administrators of pension or superannuation schemes after they have stepped down or the scheme has been wound up, merged, or restructured.

This cover applies to claims made after the trustee’s role has ended, for alleged breach of trust, duty, or statutory provision, along with negligence, administration errors, wrongful omissions, misstatements, and misleading statements that occurred while they were serving in their official capacity. It ensures that individuals remain protected against future claims relating to their past management of the fund, and given that there is unlikely to be an indemnity available from the sponsoring employer company in the future, this type of cover is vitally important.

PTL Run-Off typically mirrors a PTL policy and can be arranged for a fixed period – providing lasting peace of mind for those who have fulfilled their fiduciary duties.

Whether following retirement, scheme closure, or corporate change, PTL run-off cover safeguards the personal and financial security of those who once carried the responsibility of protecting members’ benefits.