Peter Murray retires as Chairman of OPDU’s Advisory Council, Terry Faulkner elected as successor

Peter Murray has announced his retirement as Chairman of OPDU’s Advisory Council and Terry Faulkner has been elected as his successor. The Advisory Council and Managers expressed their gratitude to Peter Murray for his invaluable contribution to OPDU’s continued success.

OPDU is delighted that Terry Faulkner has accepted the post and his wealth of experience and standing in the pensions’ community will play a major role in ensuring that OPDU continues to lead the market in protecting trustees, pension schemes and sponsoring employers with its unique combination of comprehensive insurance and advisory services. Until his recent retirement, Terry was Group Head of Pensions at Rexam plc, a long standing OPDU member and he was also Chairman of the NAPF from 2003-2005.

OPDU Advisory Council: The Advisory Council is elected from the OPDU membership to represent the interests of the insured schemes and sponsoring employers to ensure that OPDU is as pro-active as possible in meeting the needs of its membership and in helping to raise standards in the management of pension schemes generally.

Terry Faulkner: Terry Faulkner retired as Rexam plc’s Group Head of Pensions at the end of June 2014. His career in occupational pensions spans a number of senior pensions’ appointments before joining Rexam and he has served as a trustee/fiduciary on a number of UK and International pension plan boards and Investment Committees. Terry was Chairman of the National Association of Pensions Funds (NAPF) from May 2003 to May 2005 and is a Fellow of the Pensions Management Institute.

OPDU: The pensions' insurance specialist, protects pension schemes by providing market leading insurance designed to protect the personal liabilities of trustees (including lifetime cover) and the assets of the pension scheme and sponsoring employer. It also provides a professional claims handling service provided by a team of in-house lawyers and pension professionals; advisory and risk management services, including a confidential advice line for trustees and administrators. These services are complementary to those provided by the scheme's existing advisers. The OPDU membership ranges from large schemes to small. OPDU has over 800 schemes insured with approximately £220+billion scheme assets in trust.

For further information:

Jonathan Bull

Chief Executive


020 7204 2432

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