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Merchant Navy Funds

Volume 205: debated on Thursday 12 March 1992

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To ask the Secretary of State for Social Security what consideration he has given to the accounts and assets of (a) the Merchant Navy ratings pension fund and (b) the Merchant Navy war memorial fund; and if he will make a statement.

Responsibility for the accounts and assets of the organisations concerned rests with the respective trustees who have a fiduciary duty to act at all times in the interests of all the beneficiaries under the trusts.