UK - The British Coal Staff Superannuation Scheme and the Mineworkers Pension Scheme have retained JPMorgan Worldwide Securities Services (WSS) as their custodian.
The funds, worth £11bn and £14bn respectively, took the decision following recent benchmarking exercises and reviews assisted by Thomas Murray Limited.
The British Coal Staff Superannuation Scheme custodian mandate was for £8bn of its assets while that of the Mineworkers Pension Scheme was worth £10.5bn.
Richard Warne, head of relationship management JPMorgan WSS said: After the schemes conducted a thorough review and considered their options, the pension funds' trustees reappointed JPMorgan as their global custodian.
No one from the funds was available to comment at the time of going to press.
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