UK - KAS Bank has been appointed as custodian to the £223m Cheviot Trust pension scheme.
The scheme, which was assisted by its consultant PSolve, provides industrywide pension schemes to the legal profession. KAS will provide custody services to the flow-matching fund managed by Legal & General Investment Management.
Kas will also provide Cheviot with liability matching and investment accounting, reporting and compliance monitoring services.
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.