Pensions trustees on trialPrint news article
1 March 2016 saw the reboot of our pension team’s seminar programme. The seminar saw the team take a fresh approach to the question of trustee duties and explained, through the tried and tested route of a role play, trustees’ investment duties by putting a trustee on trial for negligence.
Whilst great fun was had by audience and speakers alike, attendees took away a serious message. The duties of a pension scheme trustee to the scheme and its beneficiaries are onerous. A trustee who fails to perform his or her role to the highest standard can result in him or her being held liable for the (possibly) significant losses which can arise from those mistakes. Equally, scheme advisers may also be held liable for mistakes they may make in advising pension scheme trustees and/or employers.
Our next pensions seminar will be held on 11 October 2016.