US - JPMorgan Investor Services has been selected by the Dallas Police and Fire Pension System as custodian for its US$1.9bn in assets. The Dallas Police & Fire Pension System's public defined benefit plan is one of the largest retirement plans for police officers and firemen in the US.
JPMorgan will provide domestic and global custody, accounting, securities lending, performance and analytics, and compliance reporting to System.
JPMorgan Treasury & Securities Services will also provide local banking services including checking, controlled disbursement and automated clearinghouse.
This deal further solidifies JPMorgan as one of the major providers of custody services to the public fund segment, said William Wasp, client relationship manager.
It also enhances JPMorgan’s reputation as the custodian of choice in the state of Texas where we are already the custody provider for the Employees Retirement System of Texas.
Females can expect to live a greater number of years in poor health than males, according to data from the Office for National Statistics (ONS) for 2015 to 2017.
Scottish higher-rate taxpayers will benefit from more pensions tax relief than workers on the same salary anywhere else in the UK as income tax bands continue to diverge.
Schemes risk breaking the law and being forced to wind up as The Pensions Regulator (TPR) warns some may be master trusts but do not know so.
As a hectic 2018 draws to an end, Jonathan Stapleton wishes readers a quieter 2019.