New Opra guidelines for trustees

Opra's latest update, 'Compromising an employer's debt - actions that Opra expects trustees to take' , explains the different steps trustees must go through when looking at compromise agreements. Trustees already have a duty to make sure they act in the best interests of scheme members. The new guidelines offer alternatives to compromise deals, giving advice on how to handle potential conflicts of interest and negotiating best settlements even where a compromise agreement is seen to be in members' interests. Scheme actuaries, trustees' legal advisers and other scheme advisers shoul...