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.
Salvus Master Trust has launched a new product in a bid to help firms remove the cost of administering the pots of deferred and legacy trust-based defined contribution (DC) members.
Plans to invest more than £3bn in strategic initiatives
Industry experts are calling on the government to act quickly on new pensions dashboard legislation. The DWP is looking at how to do it amid Brexit constraints, writes Kim Kaveh.
An interactive and hands-free technology that allows savers to track how much they have invested into their retirement pots has been launched by Smart Pension.