EUROPE - ABN Amro Mellon has won a £1.22bn mandate to provide custody and accounting services for Kvaerner's UK pension arrangements.
Kværner appointed ABN Amro Mellon on account of its “advanced multinational reporting capabilities”.
ABN Amro Mellon chief executive Nadine Chakar said: “Sophisticated multinationals such as Kvaerner are seeking new ways to control their global exposure to risk from pensions obligations and to manage asset liability.”
Kvaerner is a global provider of engineering and construction services and technology products, which employs over 35,000 staff across 30 countries.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.