OPDU is a provider of professional indemnity and liabilities insurance to pension trustees, administrators and sponsoring employers.

protected scheme assets

Trusted since 1997

Occupational Pensions Defence Union

OPDU is a leading specialist provider of Pension Trustee Liability (PTL) insurance for ongoing schemes and Winding-Up cover for schemes that are winding up or have retiring Trustee boards. We bring peace of mind and protection to Trustees, pension schemes and their Sponsoring Companies.

We provide protection for maladministration, errors and omissions, regulatory fines and ombudsman complaints, to legal costs for defence, prosecution or other litigation, OPDU offers a broad range of cover that can be tailored to each pension scheme’s requirements. We can also cover professional Trustee firms for both PTL and Winding-Up cover.

An Advisory Council comprised of Pension Professionals, Trustees and Academics ensures that OPDU also adds additional value through risk management and loss prevention expertise, enabling us to stay at the forefront of Trustee Liability insurance and adding an extra layer of specialist Trustee Indemnity knowledge to our team.

Our market leading policies can provide cover for;

  • Ongoing schemes via our Pension Trustee Liability (PTL) policy
  • Schemes moving towards buy-out, scheme closure/consolidation or those with Retiring Trustee Boards via our PTL Run-off, aka Discontinuance Insurance policy
  • Independent Professional Trustees via our Independent Pension Trustee Liability policy
  • Overlooked / Missing Beneficiary Insurance
  • Stand-alone Cyber cover for Pension Schemes
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