Stark warning prompts exploration of liability issue
"If a pension trustee has a claim made against them for breach of trust, then that is not subject to the statute of limitations. So even if you are only a trustee for a day, you could be held liable for breach of trust for the rest of your life - and beyond as members have the ability to come after your estate."
This is the stark warning from Emma Watkins of ACE, who in her Pensions Trustee Liability workshop this afternoon will be focusing on the exposures that companies’ pensions trustees have. She says they often take on significant potential personal liability which is not reflected in their remuneration.
Watkins will be illustrating her presentation with some examples of recent claims to highlight where companies go wrong.
