Exclusive: MNOPF improves funding by 10% after ramping up LDI

Michael Klimes
clock • 2 min read

The £2.7bn Merchant Navy Officers Pension Fund (MNOPF) has improved its funding level to 79% after increasing its liability hedging ratio to 95% of assets.

Since its last triennial valuation in March 2012, its gilts-based funding has risen from 69% to 79% as of March 2015. By reducing the deficit it has potentially saved the shipping industry over £30...

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