The Specialist for Pension Trustee Liability Insurance
The Advisory Service
Provides trustees and administrators with general guidance and advice on matters affecting the day-to-day administration of the pension scheme. It aims to facilitate good governance. The confidential advice line is staffed by lawyers and pension professionals as well as providing access to The Advisory Panel Experts where appropriate.
The Advisory Service is complementary to the services provided by the scheme's existing professional advisers.
The Claims Service
Provides the best possible claims handling service through a team of in-house barristers, solicitors and pension professionals who deal with claims in a sympathetic and professional manner. They are exper ienced in managing complex, sensitive disputes with due regard to the adverse publicity that litigation can attract.
Trustee Risk Management
Provides a risk-based approach enabling trustees to focus on the key risks requiring appropriate internal controls to comply with the latest legislation and regulation. Topical one-day seminars are held in conjunction with ACE European Group, The Pensions Regulator and other leading pension practitioners. TRM was established to achieve OPDU's aim of promoting good governance. Its services are available to all pension schemes regardless of whether they are members of OPDU.The OPDU Report newsletter also provides guidance for those involved in the administration of pension schemes.
OPDU can provide access to a number of other insurance facilities, for example: winding-up insurance; crime and fidelity insurance; cover for trustees following mergers, buy-outs and protection against costs risks inherent in pursuing claims for damages against third parties such as fund managers and other service providers. If you have novel insurance requirements we can work with you to seek to develop a policy to meet your needs.
Thomas Miller is expert in the provision of professional indemnity insurance. We are well known in the UK for managing insurance services for barristers, solicitors, patent agents, housing associations and pension fund trustees (OPDU). Our success in this field is due to a thorough knowledge of our clients' businesses and the issues facing them.
Visit the Thomas Miller website at www.thomasmiller.com
OPDU protects pension schemes by providing unique Pension Trustee Liability insurance cover to trustees, administrators and sponsoring employers.
Pension Schemes holding total combined assets in excess of £180 billion have joined OPDU.