SWITZERLAND - Custodian KAS Bank has finalised a direct connection to the Swiss central securities system SIS (SegaInterSettle).
This enables KAS Bank to process its settlement and custody services directly within the Swiss infrastructure.
In May this year KAS will become general clearing member for the Virt-X market in line with the implementation of the central counterparty.
The Brunel Pension Partnership has become the fourth local authority pool to receive the green light from the regulator.
Defined benefit (DB) schemes are to be offered a new consolidator as the former chief of the Pension Protection Fund (PPF) launches 'The Pension SuperFund'.
Martin Freeman has been hired as head of technology product and development at Smart Pension, to support the 'growing' technology product side of the business.
Tim Sharp says the government has missed some big opportunities to help workers in the DB white paper.