UK/US - State Street Corporation has been appointed to provide a full range of fund accounting services to Schroders for 64 UK-based collective investment funds, representing more than £11bn in assets.
State Street has also been appointed by the Austin-based Texas Municipal Retirement System to provide a full range of investment services to the fund’s Us$8bn in assets.
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.