The Merchant Navy Officers Pension Fund has secured a £680m buy-in with Rothesay Life.
The insurance policy covers approximately 40,000 members of the scheme's old section, which closed to future accrual in 1978. All members of this section are now covered by bulk annuity policies...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date