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.
The PPF 7800 deficit was slashed in half last month as gilt yields rose. Victoria Ticha asks if this is the start of a longer trend
Frank Field is to warn Sir Philip Green not to sell his Arcadia business without ensuring defined benefit (DB) pensions are adequately protected, PP can confirm.
Some 79% of people would like to see stricter rules and checks to ensure pension pots are secure, according to a survey by the Pensions and Lifetime Savings Association (PLSA).
An analysis of IGC annual reports finds some lacking in information on value for money, costs and charges, and investment performance. James Phillips explores the findings