UK - State Street has been appointed as global custodian to the Weir Group Pension Scheme. State Street will also provide fund accounting, foreign exchange and cash management services to the £400m scheme.
Group pensions manager Philip Battey said: “After a competitive selection process, we appointed State Street as custodian because of its expertise in servicing UK pension funds.
The opportunity to take advantage of State Street’s value-added services in the future was another factor in our decision.”
The trustees of the Kodak Pension Plan No.2 (KPP2) have said it will likely enter the Pension Protection Fund (PPF) in "due course" after reviewing the scheme's investment in Kodak Alaris.
A US company has completed a £285m pensioner bulk annuity for around 1,100 of UK members with Legal & General (L&G).
Former BHS chief Dominic Chappell has been accused of trying to rewrite history as he seeks to overturn a conviction for failing to hand over information to the regulator.
The Pensions Regulator (TPR) will double down on its supervision with hundreds of schemes expecting increased oversight, while more than 60 will be subject to dedicated, one-to-one supervision.