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The opdu Report - Issue 20, June 2006
Bulletin Board
Enhancements to opdu’s Cover
We are pleased to advise that the financial limits of insurance have been increased for the 12 year contingency run-off cover which is provided for retired trustees (see our article on Insurance).
Similarly, higher financial limits of cover are now available in respect of opdu’s Litigation Costs Extension. This optional cover reimburses costs ordered to be paid out of the pension fund when the trustees have sought directions or a declaration from the court as to future conduct of matters.
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