All Merchant Navy Officers Pension Fund articles
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NewsMNRPF chair admits uncertainty over P&O Ferries’ obligations
On the go: The Merchant Navy Ratings Pension Fund chair of trustees John Oldland has left open the possibility that P&O Ferries may not meet its pension obligations after a controversial dismissal process.
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NewsMerchant Navy Officers scheme completes PIC buy-in
On the go: The £3.2bn Merchant Navy Officers Pension Fund has signed a second buy-in with Pension Insurance Corporation worth £400mn.
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NewsFourteen pension schemes commit to net-zero targets
On the go: Fourteen pension schemes, which collectively manage nearly £270bn of assets, have committed to set net-zero targets to align their investment portfolios with a 1.5C pathway.
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News
Merchant Navy plans to insure all liabilities by 2025
On the go: The £4.1bn Merchant Navy Officers Pension Fund plans to insure all of its remaining liabilities by 2025, as it is set to undergo its next triennial actuarial valuation at the end of the quarter.
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News
Aegon and Nest join list of authorised master trusts
On the go: Nest, the master trust set up by the government to back auto-enrolment, has received authorisation from the Pensions Regulator, along with four other multi-employer schemes.
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FeaturesMorgan Sindall ditches ‘pension’ in comms to boost engagement
Construction and regeneration group Morgan Sindall has described the boost to pensions engagement it saw after revamping its member communications, notably replacing mentions of ‘pension’ with ‘retirement saving’.
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CMA ups pressure on trustees and advisers to seek best deal
New requirements on trustees to shop around for fiduciary management and challenge their advisers will generate better value for members, experts have said in response to measures set out by the Competition and Markets Authority.
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OpinionTrustees must not shirk responsibility on DB transfers
From the blog: The Merchant Navy Officers Pension Fund has, in common with many other defined benefit pension schemes, seen a significant increase in transfers out of the fund since the introduction of pensions freedoms introduced three years ago under the then pensions minister, Steve Webb.
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NewsSwallowfield charts new route with scheme closure
The latest scheme to pull up the drawbridge on defined benefit accrual, Swallowfield has enhanced its defined contribution offering for members, but consultants have urged caution against “sleepwalking” into bigger deficits.
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MNOPF considers closure to future accrual
NAPF 2015: The Merchant Navy Officers Pension Fund could close to future accrual, the scheme’s pensions director told delegates, because the end of contracting out will increase the cost of the scheme for employers and members.
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MNOPF: captive insurance longevity swap saved £10m
The Merchant Navy Officers Pension Fund has said the use of a captive insurance company halved the cost of its £1.5bn longevity swap, and opened the door for smaller scheme derisking.
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FeaturesManagers' examples on reducing risks from 2013
Year in review: Pension managers and trustees took a variety of measures to protect their members' benefits, Pensions Week reported over the past year, from more efficient administration software to covenant safeguards.
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News
MNOPF increases contributions to secure benefits
The Merchant Navy Officers Pension Fund has increased employer and member contributions to the new section of its defined benefit scheme to strengthen its ability to pay future benefits.