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OPDU News - March 2011

Insurance Cover for Court Application Costs

 

There has been a continuing increase in OPDU members adopting the Court Application Costs extension which is optional cover for when the trustees are advised to seek directions or a declaration from the court as to the future conduct of matters or the interpretation of trust documents.

It is usual for interested parties to be represented by separate lawyers and all costs have to be met out of the pension scheme’s assets which are covered by this extension.

 

 

 

 

 

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OPDU protects pension schemes by providing unique insurance cover to trustees, administrators and sponsoring employers.

Pension funds holding total combined assets in excess of £180 billion have joined OPDU.

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