Pat Sharman believes traditional custodians are not serving UK pension funds well and argues it could be time to shift towards the Dutch approach.
The Pension Protection Fund has reappointed State Street to provide a range of global custody and administration services and also hired it to provide securities lending services for the first time.
The Pension Protection Fund has gone out to tender for a global custodian.
UK - The Pension Protection Fund has gone out to tender for a global custodian. The incumbent custodian is State Street.