Merchant Shipping: Pensions

(asked on 1st February 2022) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, how many (a) retired and (b) active seafarers are members of the Merchant Navy Ratings Pension Fund (MNRPF); and what recent assessment she has made of the current valuation of the MNRPF.


Answered by
Guy Opperman Portrait
Guy Opperman
Parliamentary Under-Secretary (Department for Transport)
This question was answered on 7th February 2022

The Merchant Navy Ratings Pension Fund (MNRPF) is a private sector occupational pension scheme and the Department does not collect data about the membership of such private schemes.

The Pensions Regulator, which oversees the funding regime for defined benefit pension schemes, was established by the Pensions Act 2004 on 17 December 2004. It has operational independence and it is not therefore appropriate for Ministers to intervene in its supervision or regulation of individual schemes

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