IDENTITY STATEMENT
Reference code(s): GB 0074 LMA/4584
Held at: London Metropolitan Archives
Title: OCCUPATIONAL PENSIONS DEFENCE UNION LIMITED
Date(s): 1997- 2015
Level of description: Collection
Extent: 0.08 linear metres.
Name of creator(s): Occupational Pensions Defence Union Limited
CONTEXT
Administrative/Biographical history:
The Occupational Pensions Defence Union Limited (OPDU) provides insurance cover and risk management services to pension fund trustees, administrators and employers to protect pension schemes. It was launched in 1997, after a group of pensions managers and lawyers recognised that operators of occupational pensions schemes had an increased need for protection as demands were made for regulatory measures to safeguard the benefits of pension fund holders in the wake of the Maxwell scandal.
Initial meetings facilitated by the National Association of Pension Funds led to the formation of a Steering Committee established by Jonathan Bull, chaired by Alan Herbert. This Steering Committee worked with the insurance provider Thomas Miller and Company Limited to develop an insurance facility for pension schemes trustees and administrators. The Steering Committee was replaced with an Advisory Council of members in 1998. In 2011 over 750 pension schemes and £180 billion of pension fund assets were insured by OPDU, who also provides its members with advisory and claims services, and offers training in risk management for trustees. In July 2015 Jonathan Bull retired from OPDU.
Source of information includes: http://www.opdu.com/ [accessed 6 Jun 2011]
CONTENT
Scope and content/abstract:
Collection consists of the Occupational Pensions Defence Union's newsletter 'OPDU Report' (issue 7 missing).
ACCESS AND USE
Language/scripts of material: English
System of arrangement:
LMA/4584/01 : OPDU Reports.
Conditions governing access:
These records are available for public inspection, although records containing personal information are subject to access restrictions under the UK Data Protection Act, 1998.
Conditions governing reproduction:
Copyright to this collection rests with the depositor.
Finding aids:
Please see online catalogues at: http://search.lma.gov.uk/opac_lma/index.htm
ARCHIVAL INFORMATION
Archival history:
Immediate source of acquisition:
Records deposited in 2008, 2009, 2012, 2016 and 2017.
ALLIED MATERIALS
Related material:
This collection forms part of the Pensions Archive.
DESCRIPTION NOTES
Archivist's note:
Date(s) of descriptions: Records prepared May to September 2011. Updated in January 2013 and August 2017.