Winding-up defined benefit or hybrid schemes – Opra Update 3


The Occupational Pension Schemes (Winding-Up Notices and Reports etc) Regulations 2002 gave Opra new powers to monitor and intervene in the winding-up of occupational pension schemes and came into force on 1 April 2002. Based on its experience over the sixteen months or so since, Opra’s latest Update discusses its views on some tricky issues which often arise when winding-up either defined benefit (DB) or hybrid occupational pension schemes. The Update is aimed at trusees, advisers and insolvency practitioners and considers issues which are not straight forward, explaining how Opra expects trustees to address them.

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