GLOBAL - State Street is on track to retaining 90% of Deutsche Bank's custody clients, following the acquisition of its global securities services business.
The firm bought Deutsche’s GSS business – which includes the WM Company, global custody, fund administration and securities lending – for US$1.5bn (£946m) last year, and expects to finish the integration process by the middle of 2004.
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.