Andrew Waring says the 'big is better' view does not necessarily stand up to scrutiny when it comes to master trusts.
The Merchant Navy Officers Pension Fund has raised its funding level by 10% since 2012.
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.
Ensign Pensions is to stop providing services to the Merchant Navy Ratings Pension Fund (MPRPF) over concerns conflicts of interest.
The Ensign Retirement Plan, an industry-wide defined contribution (DC) scheme for the shipping sector, opens for business tomorrow.
An industry-wide defined contribution (DC) scheme for maritime employers and employees will launch on 1 August, providing full access to the recently-introduced pension flexibilities.
JLT Employee Benefits (JLT EB) has bought Ensign Pensions Administration from the Merchant Navy Officers Pension Fund (MNOPF).