Written question asked by Matthew Offord (Conservative) on Monday, 21 March 2022, in the House of Commons. It was due for an answer on Wednesday, 23 March 2022. It was answered by Guy Opperman (Conservative) on Monday, 28 March 2022 on behalf of the Department for Work and Pensions.
P&O Ferries: Redundancy
- Question
-
To ask the Secretary of State for Work and Pensions, what assessment her Department has made of the effect of P&O’s decision to terminate the employment of 800 of its staff on the future viability of the Merchant Navy Ratings Pension Fund.
- Answer
-
The Merchant Navy Ratings Pension Fund (MNRPF) is a private sector, multi-employer scheme.
The UK has a robust and flexible framework for pension scheme funding, to protect members benefits. The accrued benefits of UK P&O staff will be protected by these arrangements. The independent Pensions Regulator is working closely with the trustee of the MNRPF in its role to protect pension scheme savers. It would not be appropriate to comment further at this stage.
Secondary information
- Type
- Written question
- Reference
- 143654
- Session
- 2021-22
- Transferred
- Yes
- Subjects
- Redundancy Merchant shipping Pension funds P&O Ferries
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2022-06-28 22:29:42 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2021-22/143654
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2021-22/143654
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2021-22/143654