MNOPF Trustees Merchant Navy Officers
Five stories you may have missed this week
This week's top stories included the pension tax relief consequences of the Scottish government's decision to differ tax bands for Scottish workers compared to the rest of the UK.
Five stories you may have missed this week
The biggest stories were predictions the Chancellor would introduce a flat rate of tax relief, Merchant Navy Officers closing defined benefit to future accrual, and KPMG expanding its defined contribution team by a third.
Merchant Navy Officers Pension Fund closes DB to future accrual
Merchant Navy Officers Pension Fund (MNOPF) will close its defined benefit (DB) scheme to future accrual and instead introduce a 30% defined contribution (DC) rate for members.
Pi Consulting grows scheme secretary and governance team
Paul Blackmur has been appointed as a senior consultant by Pi Consulting as the firm sees increasing demand for governance services.
RAC Pension Scheme completes £600m longevity swap
The RAC (2003) Pension Scheme has completed a £600m longevity swap with Scor Se, which could be a watershed in how small schemes manage longevity risk.
Towers Watson makes senior fiduciary management hire from Cardano
Duncan Higgs has re-joined Towers Watson from Cardano, to work as a senior investment consultant on its delegated investment team.
MNRPF hires Towers Watson as fiduciary manager
The trustee of the Merchant Navy Ratings Pension Fund (MNRPF) has appointed Towers Watson to provide fiduciary management services to the £850m scheme.
Ensign to launch maritime industry-wide DC scheme in August
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.
Merchant Navy Officers Pension Fund enters £1.5bn longevity swap
The trustee of the Merchant Navy Officers Pension Fund (MNOPF) has hedged the longevity risk for £1.5bn of the scheme's members.
MNOPF merges pension payments for member ease
The Merchant Navy Officers Pension Fund (MNOPF) has consolidated its pension payments to simplify the process for members.
MNOPF appoints Hymas as CFO
The trustees of the Merchant Navy Officers Pension Fund (MNOPF) have appointed Bob Hymas as chief financial officer (CFO).
EXCLUSIVE: MNOPF to rebrand third party businesses as Ensign
The Merchant Navy Officers Pension Fund (MNOPF) is to rebrand its third party administration and trustee services businesses, MNPA and MNTS, as Ensign.
MNOPF agrees £680m buy-in with Rothesay Life
The Merchant Navy Officers Pension Fund has secured a £680m buy-in with Rothesay Life.
MNOPF appoints Hymans Robertson to monitor Towers Watson fiduciary role
The £3.3bn Merchant Navy Officers Pension Fund has appointed Hymans Robertson as independent investment adviser to monitor and challenge the actions of its fiduciary manager, Towers Watson.
Schemes face higher levy bill in new regime
Schemes with high insolvency scores could see their insolvency probability increase by a factor of five under the Pension Protection Fund's new levy framework, a consultant says.
MNOPF blasts PPF levy proposals as 'unfair' to last man standing schemes - UPDATED
The Pension Protection Fund's new levy calculation remains unfair to last man standing multi-employer schemes and must be changed, the Merchant Navy Officers Pension Fund says.
MNOPF appoints Towers Watson to delegated CIO role following review
UK - The trustee of the Merchant Navy Officers Pension Fund has selected Towers Watson as the delegated chief investment officer for its £3bn ($4.7bn) pension fund.
High Court ruling clarifies employers' position on funding obligations
Employers who thought they were free of funding obligations might still be "on the hook" for paying liabilities, following a High Court ruling yesterday.
MNOPF signs second buy-in deal
UK - The Merchant Navy Officers Pension Fund has secured a further £100m (US$149.9m) of liabilities after signing a second buy-in deal with Lucida.
MNOPF signs second buy-in deal
The Merchant Navy Officers Pension Fund has secured a further £100m of liabilities after signing a second buy-in deal with Lucida.
MNOPF and ICL Pension Trust complete property overhaul
The Merchant Navy Officers Pension Fund has sold three properties in its portfolio for £60m.
High Court ruling limits employer debt triggers
UK - A ruling by the UK High Court yesterday has limited the occasions in which employer debts are triggered in a multi-employer scheme.
High Court ruling limits employer debt triggers
A ruling by the High Court yesterday has limited the occasions in which employer debts are triggered in a multi-employer scheme.
SPC says buyout volumes will top £5bn in 2010
UK - The volume of buyout transactions will rise to £5bn (US$7.9bn) in 2010 as prices become lower and more stable, the Society of Pension Consultants predicted.
