UK - ABN AMRO Mellon Global Securities Services B.V. has replaced State Street as custodian to the £1.2bn Cambridgeshire County Council Pension Fund.
The mandate, which covers all of the pension fund's assets, to provide global custody, investment accounting (SORP) and securities lending solutions was awarded following a tender process during which ABN AMRO's bid was judged to be more "commercially competitive" than State Street's, according to a spokesperson for the fund.
John Hopwood, chief loans & investment manager at Cambridgeshire County Council, claimed the "enthusiasm and expertise" shown by the ABN AMRO Mellon team was "another major factor" in the decision.
Standard Life has increased exposure to risk assets in three out of five funds in its Active Plus and Passive Plus workplace pension ranges.
Some 48% of employers are unaware of the services or help they offer to members of their defined contribution (DC) schemes, according to Aon.
Jupiter Asset Management's Abbie Llewellyn-Waters, manager of the Jupiter Global Sustainable Equity strategy, explains why firms need to integrate ESG into their business model