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.”
Some of the UK's biggest pension schemes will be forced to report on climate risk in line with recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).
TPT Retirement Solutions has launched a pension scheme for the education sector which offers schools both defined contribution (DC) and defined benefit (DB) pension provision.
The People's Pension has revealed plans to overhaul its charging structure, cutting fees and returning profits to members with an aim to help people save more money for retirement.
Data consultancy ITM has appointed Akash Rooprai as head of client management to lead its de-risking business.