Commentary Chapter 7: Directors’ Liabilities Section 235: Qualifying pension scheme indemnity provision
434.This section permits (but does not require) companies to indemnify a director of a company acting as a trustee of an occupational pension scheme against liability incurred in connection with the company’s activities as trustee of the scheme. An indemnity that complies with the conditions set out in this section is described as a qualifying pension scheme indemnity provision.