UK - The Hampshire County Council pension fund has appointed Northern Trust as its first global custodian.
The £2.8bn fund chose Northern Trust to provide custody, performance measurement and securities lending services for the whole of the fund.
The fund also appointed Northern Trust Global Investments (NTGI), Northern Trust’s asset management arm, as its transition manager.
NTGI completed the fund’s transition from a balanced to a specialist approach – a move carried out following a review of the structure of the fund.
A spokesperson said all the fund’s managers, except property manager Cordea Savills, were retained following the restructure.
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.