ICELAND - Global custody and fund administration firm JP Morgan Investor Services has extended its market coverage in the Nordic region adding Iceland to its network.
Icelandic firm Islandsbanki-FBA has been appointed subcustodian.
Commenting on the expansion, Brian Todd, JP Morgan Investor Services EAME network executive said: “This latest addition positions us well to take advantage of any future harmonisation developments emanating from the Norex Alliance.”
Gillian Van Schaick, JP Morgan Investor Services network products executive, added: “As with all other markets covered within the network, clients will have access to an extensive suite of information products on Iceland to assist them in understanding the associated market and investment risks.”
By Madhu Kalia
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