210. Trustees not to be indemnified for fines or civil penalties.

210.     Trustees not to be indemnified for fines or civil penalties.

No amount may be paid out of the assets of an occupational or personal pension scheme1 for the purpose of reimbursing, or providing for the reimbursement of, any trustee or manager2 of the scheme in respect of: (1) a fine imposed by way of penalty for an offence of which he is convicted; or (2) a penalty which he is required3 to pay under or by virtue of specified provisions4. For these purposes5, providing for the reimbursement of a trustee or manager in respect of a