UK - Aegon Asset Management has selected Kas Bank for the custody and administration of its European bond portfolios.
Kas will provide a “wide range” of related services in addition to securities custody and settlement of securities transactions.
Aegon is seeking to improve its services by using external parties to take custody of stocks and selected Kas on the basis of the “professional services” offered.
Labour Party plans to renationalise core industries and require the largest listed companies to hand 10% of shares to employees would be a "double whammy" for pensions, business leaders have warned.
A handful of industry heavyweights have begun trialling a so-called 'mid-life MOT', with positive initial results reported by all those involved.
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".