CANADA - Torstar Corporation has appointed CIBC Mellon Global Securities Services as the trustee and asset servicing provider for the company's pension and master trust.
D. Todd Smith, treasurer of Torstar, said it was important for the firm to identify a partner that matched its reach and resources.
Thomas C. MacMillan, president and chief executive officer at CIBC Mellon, said it looked forward to supporting the corporation.
Torstar Corporation is a broad-based media company and its businesses include the Star Media Group led by the Toronto Star.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers