BELGIUM - JPMorgan Investor Services has been appointed by AXA Investment Managers as information and paying agent in Belgium and the Netherlands for its E258m range of exchange traded funds it now wishes to distribute across Europe.
Investor Services holds approximately US$20bn of assets under custody for AXA Investment Managers.
In addition, JPMorgan Treasury Services was also selected by Spain’s third largest bank, Banco Popular Español, to provide CLS third party services.
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.
Welplan Pensions has triggered its exit from the master trust market, with just a few days to go until The Pensions Regulator's (TPR) application deadline.