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Why Choose AIG for Pension Trust Liability Insurance?

Protects administrators involved in running a pension scheme

Trustees are expected to understand and keep up to date with the laws and investment principles of their schemes. They must challenge their advisors and employers when they need to. Failure can result in fines or other penalties against them and the company.

Pension Trust Liability insurance is designed to meet defence costs, awards, damages, and investigation costs of anyone like trustees or administrators involved in running the pension scheme who are accused of mistakes or oversights in their duties.

The AIG Advantage

AIG's Solutions

  • Cover guaranties
  • Civil liability
  • Personal information protection
  • Inquiry cost cover
  • Crisis management
  • Spouse and heirs

Covered damages

  • Defence costs
  • Damages following a legal decision or negotiated arrangement
  • Costs and expenses (inquiry costs, crisis management)

Extensions

  • New pension schemes
  • New sponsor companies
  • Automatic discovery period