UK - State Street Corporation has been appointed by London based investment house Quilter Fund Management to provide custody and fund accounting to the £5bn firm.
State Street will also offer full transfer agency services for all Quilter funds using its International Financial Data Services (IFDS) - the joint venture between State Street and DST Systems.
Quilter - a unit of Morgan Stanley-owned Quilter & Co - handles assets on behalf of institutional bodies including UK and overseas pension funds, private clients, and life companies.
By Madhu Kalia
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter