Pension Trustee Liability Insurance (Live)

Why come to ULP for Pension Trustee Liability Insurance (PTL)?

ULP are independent and specialist insurance brokers that are experts in the field.  We offer a bespoke service to help Trustees, Sponsors and Advisers understand the Insurance solutions available and we negotiate hard to ensure that the best coverage options are secured for the best price.

We offer a ‘free of charge’ service to source and price options, from a variety of Insurer, and only if and when an insurance policy is taken out we will receive a commission from the Insurer who has issued the policy.


So what is PTL Insurance?

A Pension Trustee Liability Insurance (PTL) policy provides a vital external resource for reimbursing losses suffered by a Pension Scheme, the Sponsoring Employer and the Trustees following claims made by third parties alleging Wrongful Acts. This can include Breach of Trust, Negligence, Misrepresentation or Maladministration. Other risks that can be covered include Civil Fines and Penalties imposed by The Pensions Regulator and the cost of defending complaints to the Ombudsman. Cover can often include investigations costs in respect of the ICO.

It is important to remember that the Policy covers the cost of defending a claim or allegation of a Wrongful Act, no matter how spurious that allegation may be. Therefore, the Trustee does not necessarily have had to have done something wrong in order for the policy to pay out, someone only has to accuse them of having done something wrong.







Click on the above image and download our brochure to learn more about Pension Trustee Liability Insurance.

How Our Services Work

Stage 1
Identification and preparation

We will discuss with you how to identify your demands and needs for insurance, or those of the clients you are representing. At your request, we can visit you to help you understand what is available from the insurance market. 

Stage 2
Seeking Indications

On receipt of a brief Indication Request Form we will seek indicative terms from a range of Insurers in the market, giving you alternatives and choices to consider as well as factoring for budget purposes.

Stage 3

We will consult with you so that the features and benefits of what is being proposed are fully understood. We will appraise the different Insurers’ policy wordings and discuss the available cover options.

Stage 4
Firming up an Indication and getting a Policy issued

If and when you want to firm one or more Indications up into binding Quotations, we will steer you through that process keeping it as simple and streamlined as possible.

Stage 5
Ongoing risk management

Ours is an ‘end to end’ service, so we offer ongoing advice and assistance in the event of a circumstance or claim that needs to be notified to the Insurer.


In order for us to seek indications/offers for you, please complete the Indication Form below is and return it to us. Our service is free of charge, however we will get paid a commission by the Insurer if a Policy is taken out. 

For a Live Scheme 

Use this Form if assets are still wholly held within the Scheme. 

Download Form 


Frequently Asked questions

We have compiled a list of frequently asked questions and their answers. But if your question is not listed, do call or email us.