How MNOPF improved its funding level despite low rates
The Merchant Navy Officers Pension Fund has raised its funding level by 10% since 2012.
Trustee chief executive Andrew Waring tells Michael Klimes how the Merchant Navy Officers Pension Fund managed to raise its funding level by 10% during difficult times.
At a glance Biggest threat to MNOPF’s funding has been low interest rates Funding level has risen 10% to 79% since March 2012 Attributes improvement to fiduciary management and higher hedge ratio...
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