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.”
MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.
It has again been suggested self-employed workers could enjoy pension provision through the tax return process. James Phillips explores the latest proposals.