Speaking at OPDU’s annual meeting, Mark Boyle, Chair of the Pensions Regulator said that 2015 had been an extraordinary and tumultuous year for pensions which had required the regulator to react quickly and effectively. It was unlikely that 2016 would be a quieter year, with potentially significant changes to the tax treatment of pensions due to be announced in the Chancellor’s budget on 16 March.
After 20 years leading OPDU, Jonathan Bull retired on 31 July 2015, safe in the knowledge that the trustees looking after his occupational pension are properly insured in the unlikely event that anything goes wrong! We look back at the important contribution he has made to protecting occupational pension schemes and raising standards in administration.
The Occupational Pensions Defence Union (OPDU) announces that Martin Kellaway will be joining the Board as Executive Director. This is a key appointment that will strengthen the Union’s strategy and marketing operations. Martin will be based in London.
OPDU has extended its unique protection for pension funds to the Republic of Ireland. This move follows extensive consultation with the Irish Association of Pension Funds, lawyers, other consultants and trustees of Irish pension schemes.
OPDU held its fifth Annual Pension Risk Conference on 3rd March, which focused on managing change and emerging pension scheme risks. The theme was particularly apposite given the number of significant changes currently taking place.
Speaking at OPDU’s Annual Meeting, Tony King the Pensions Ombudsman surprised his audience by suggesting that he didn’t get enough complaints. He said that the Pensions Ombudsman probably got about one thousand complaints a year, which felt a bit low. His concern was that the process for making complaints was so complicated that only the most persistent got through.
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.
Please visit the Pensions Age website for full interview.http://www.pensionsage.com/pa/qa-video-OPDU.php
Trustees of occupational pension schemes have an increasingly difficult job to do with the expansion of the regulatory and legislative burden following the Maxwell debacle