IRELAND - Dublin-based hedge fund administrator Custom House Administration & Corporate Services has received a 'Baa1(MQ)' rating (Management Quality) from Moody's Investors Service - the first fund administrator to be given an MQ rating by Moody's.
Moody's MQ ratings, launched in 1999, provide institutional investors with an independent appraisal of asset management companies, custodian banks and administrative service providers.
Custom House administers some 180 funds for more than 90 investment management clients with total assets under administration approaching US$3bn.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers