SOUTH AMERICA - JPMorgan has moved further into the South American market, having secured custody services for Peru's Central Securities Depository and the Central Securities Depository of El Salvador (CEDEVAL).
Francis Stenning, president and CEO of Cavali, said: "We selected JPMorgan due to its strong commitment, experience and focus in Latin America.
"JPMorgan's modern technology and online reporting, as well as local language capabilities, will help us improve operating efficiencies and allow us to capitalise on new opportunities in the market."
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.