UK - JPMorgan Investor Services is taking over from State Street as custodian for the £800m Hanson Industrial Pension Scheme.
JPMorgan’s UK client management executive for Europe, the Middle East and Africa, Sue Curtis, said: “This is a gratifying recognition of the importance we attach to working with pension schemes.”
Hanson is the largest producer of concrete pipes in the world and the third largest producer of ready-mixed concrete.
Businesses are experiencing auto-enrolment data error rates of up to 50%, posing questions over the reliability of pension records, Pensionsync says.
A nationwide survey of committee and local pension board members of the Local Government Pension Scheme has revealed high levels of confidence in all areas of their responsibility.
UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.