Fund Trustees

PI for trustees of pension funds / provident funds and retirement funds

Recommendations by the regulatory authorities have added significantly to the bewildering number of statutory duties and obligations faced by Pension Fund Trustees. Failure to adequately perform their fiduciary obligations, comply with legal requirements or exercise reasonable skill and care in their actions as trustees may put their personal assets at risk.
In partnership with AIG South Africa Ltd, we are the selected mandated broker for the Pension Trustee Liability Insurance Scheme.

Who is Insured ?

  • Trustees
  • Directors
  • Officers
  • Partners or Employees of the Employer Company
  • Plan or Corporate Trustee Company and the Employer Company
  • Plan or Corporate Trustee Company as separate insureds

Cover Included:

  • Errors & Omissions
  • Emotional Distress
  • Advancement of defence costs
  • Blanket cover for all Pension and Employee Benefit Plans
  • Insured versus Insured
  • Legal fees and expenses for investigations into the Insured’s pension arrangements
  • Automatic cover for new plans
  • Libel and slander (including exemplary damages)
  • Option to request up to 6 years runoff for:

Cover Included:

  • Wound up Plans
  • Employer Company taken over
  • Automatic run off cover for retired trustees if Employer Company does not renew policy

For more information, please contact LindaF@southerncrossrm.co.za

We will structure a bespoke solution to ensure you are adequately covered, according to the individual needs and circumstances of your business.

Fill in your details and we’ll be in touch