UK/EUROPE - Mellon Financial Corporation has launched a UK operation for its global custody clients.
The service will be provided in-house by Mellon Global Securities Services and will administer £29bn assets held in the UK.
Mellon Europe chairman Jack Klinck said the decision to provide an in-house service is part of a move to increase the company’s presence in the UK and throughout Europe.
The Environment Agency Pension Fund (EAPF) has joined a coalition of 88 investors to demand companies disclose more information on environmental impact.
The cross industry guaranteed minimum pension (GMP) equalisation working group has formed five sub-committees to each work on a key component of the guidance.
KAS Bank has launched an end-to-end cost transparency solution for defined contribution (DC) schemes to assist in the delivery of chair's statements.