Identity area
Reference code
Title
Date(s)
- 1997- 2015 (Creation)
Level of description
Extent and medium
0.08 linear metres.
Context area
Name of creator
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]
Repository
Archival history
GB 0074 LMA/4584 1997- 2015 Collection 0.08 linear metres. Occupational Pensions Defence Union Limited
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]
Records deposited in 2008, 2009, 2012, 2016 and 2017.
Collection consists of the Occupational Pensions Defence Union's newsletter 'OPDU Report' (issue 7 missing).
LMA/4584/01 : OPDU Reports.
These records are available for public inspection, although records containing personal information are subject to access restrictions under the UK Data Protection Act, 1998.
Copyright to this collection rests with the depositor.
English
Please see online catalogues at: http://search.lma.gov.uk/opac_lma/index.htm
This collection forms part of the Pensions Archive.
Compiled in compliance with General International Standard Archival Description, ISAD(G), second edition, 2000; National Council on Archives Rules for the Construction of Personal, Place and Corporate Names, 1997. Records prepared May to September 2011. Updated in January 2013 and August 2017. Pensions Occupational pensions Insurance Financial administration Finance Insurance services Financial risk management Service industries Financial service industries Pension services Social security Social services Occupational Pensions Defence Union
Immediate source of acquisition or transfer
Records deposited in 2008, 2009, 2012, 2016 and 2017.
Content and structure area
Scope and content
Collection consists of the Occupational Pensions Defence Union's newsletter 'OPDU Report' (issue 7 missing).
Appraisal, destruction and scheduling
Accruals
System of arrangement
LMA/4584/01 : OPDU Reports.
Conditions of access and use area
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.
Language of material
- English
Script of material
- Latin
Language and script notes
English
Physical characteristics and technical requirements
This collection forms part of the Pensions Archive.
Finding aids
Please see online catalogues at: http://search.lma.gov.uk/opac_lma/index.htm
Allied materials area
Existence and location of originals
Existence and location of copies
Related units of description
Notes area
Alternative identifier(s)
Access points
Subject access points
Place access points
Name access points
Genre access points
Description control area
Description identifier
Institution identifier
Rules and/or conventions used
Compiled in compliance with General International Standard Archival Description, ISAD(G), second edition, 2000; National Council on Archives Rules for the Construction of Personal, Place and Corporate Names, 1997.
Status
Level of detail
Dates of creation revision deletion
Language(s)
- English