UK - The £40m NCM UK Pension Scheme has appointed Kas Bank as one of its custodians following consultation with Watson Wyatt.
The corporate credit finance company – part of the global Gerling group – chose Kas to provide custody services for its global segregated equity mandate managed by Alliance Bernstein.
Kas Bank head of relationship management for UK institutional investors Ben Kajtazi said: “This win further confirms that there is a definite niche in the UK market for KAS in providing independent custody services for small to medium-sized pension schemes.”
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
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The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.