[BITList] MNOPF finalises £1.3bn buyout

[Michael Feltham]

There is no mention of the large finance companies taking a financial interest in Rothesay |Life a few months ago.  Why - to make money out of our pension fund.  I bet they get more than a 2.2 % increase in their investment !

Mike
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http://www.professionalpensions.com/professional-pensions/news/2354629/mnopf-finalises-gbp13bn-buyout

MNOPF finalises £1.3bn buyout

The Merchant Navy Officers Pension Fund (MNOPF) has tied up a £1.3bn buyout of its old section that includes a one-off discretionary increase for all members.


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