UK - KAS Bank has been appointed custodian to the £110m Johnson Group Staff Pension Scheme.
The custodian will oversee the schemes global segregated equity mandate managed by Wellington Management International.
A Kas spokesman said: “This win supports our view of there being a demand in the marketplace for small to medium-sized pension schemes seeking an independent custodian.”
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).