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.
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
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.