The Bank of New York (BoNY) has acquired a 4.9% stake in Dutch-based custodian Kas-Associatie for investment purposes. Kas-Associatie provides securities custody services and settlement and administration of securities and derivatives transactions and its client base comprises institutional investors, banks, brokers, investment institutions, and private clients.
The bank employs a staff of 750 at offices in Amsterdam and London.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers