Transaction with MetLife will form part of the £1bn scheme’s investment portfolio
Mandate involves providing the scheme with an investment platform aligned with its goals
Schemes say traditional methods normally used to trace members don’t go far enough
Concern grows over P&O Ferries’ share of the Merchant Navy Ratings Pension Fund deficit
Settlement resolves complex issues arising from IHER benefits first introduced in 1985
The Merchant Navy Ratings Pension Fund (MNRPF) has replaced every member of its trustee board following a drawn-out battle with The Pensions Regulator (TPR) to improve governance.
The trustee of the Merchant Navy Ratings Pension Fund (MNRPF) has appointed Towers Watson to provide fiduciary management services to the £850m scheme.
Ensign Pensions is to stop providing services to the Merchant Navy Ratings Pension Fund (MPRPF) over concerns conflicts of interest.
The verdict will complicate the application of the members’ best interest principle
The MNRPF ruling clears up whether a final salary link means schemes remain open to accrual