Home / Pensions

Legal News

TPR updates regulatory intervention report on MNRPF

Copyright © 2025 LexisNexis

Published on: 10 May 2022

Published by LNB News

LNB News 10/05/2022

Document Information

Issue Date: 10 May 2022

Published Date: 10 May 2022

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Pensions Regulator (TPR) has updated its regulatory intervention report under section 89 of the Pensions Act 2004 concerning the Merchant Navy Ratings Pension Fund (MNRPF). The updated report outlines the way in which TPR’s Determinations Panel resolved a regulatory action relating to the composition of the trustee board with its finding that it was not reasonable to appoint an independent trustee with exclusive powers, and explains the follow-up engagement between TPR and the MNRPF trustee board, including a proposal to restructure the board to minimise the risk of any further governance issues.

Popular documents

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a

Late payment penalties—inheritance tax

Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid

Strike out—making an application to strike out a statement of case

Strike out—making an application to strike out a statement of caseA strike out order can be made either following an application by the parties or on the court's own initiative. This Practice Note deals with the scenario of the order being made following a party's application.Making an application

Glossary—Latin legal terms

Glossary—Latin legal termsDespite attempts in recent years to simplify the language used in legal cases, there are still a number of Latin phrases commonly used in personal injury claims. The following Latin phrases are listed in alphabetical order:Latin