• Home
  • Admin/Tech
  • Benefits
  • Buzz
  • DB
  • DC
  • Diversity
  • Investment
  • Law & regulation
  • Risk reduction
  • Events
  • Whitepapers
  • ESG spotlight
  • PPTV
  • Newsletters
  • Sign in
  • Events
    • Upcoming events
      event logo
      Risk Reduction Forum 2019

      The Risk Reduction Forum seeks to arm trustees and scheme professionals with practical insights around best practice, and takeaways they can apply to their own scheme

      • Date: 14 Mar 2019
      • Radisson Blu Bloomsbury, London
      event logo
      Rising Star Awards 2019

      Professional Pensions has launched its inaugural Rising Stars Awards to celebrate the emerging talent in pensions

      • Date: 27 Mar 2019
      • Proud Embankment, London
      event logo
      Defined Contribution Conference 2019

      This exclusive one day conference will provide a comprehensive overview of the evolving DC landscape, and examine how Trustees and Pension Scheme Managers can overcome the challenges they face

      • Date: 24 Apr 2019
      • The Bloomsbury Hotel, 16-22 Great Russell St, London WC1B 3NN, London
      event logo
      UK Pensions Awards 2019

      Make a date in your diary. These awards are the single largest gathering and a veritable 'who's who' of the corporate pensions industry in the UK.

      • Date: 23 May 2019
      • Hilton Park Lane 22 Park Lane, Mayfair, London W1K 1BE, London
      View all events
      Follow our Professional Pension Events

      Sign up to receive email alerts about our events

      Sign up
  • Whitepapers
    • How DC schemes can gain exposure to different asset classes in a low-return environment

      So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap,' ‘pension freedoms' or consultations around ‘value for money', says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).

      Download
      Pension freedoms three years on

      In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.

      Download
      Find whitepapers
      Search by title or subject area
      View all whitepapers
  • ESG spotlight
  • Sign in
    •  

      You are currently accessing ProfessionalPensions via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0) 1858 438800

      Email: [email protected]

      • Sign in
     
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • RSS
    • Twitter
    • LinkedIn
    • Newsletters
    • YouTube
  • Register
  • Subscribe
Professional Pensions
Professional Pensions
  • Home
  • Admin/Tech
  • Benefits
  • Buzz
  • DB
  • DC
  • Diversity
  • Investment
  • Law & regulation
  • Risk reduction
  •  

    You are currently accessing ProfessionalPensions via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0) 1858 438800

    Email: [email protected]

    • Sign in
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
Professional Pensions
  • United Kingdom

EXCLUSIVE: East Sussex sees four custodians/ to review managers

  • Archive Archive
  • 14 February 2002
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
0 Comments

UK - The £1.1bn East Sussex County Council Pension Fund has interviewed three candidates so far for its global custodian brief and will review its investment managers within the next 12 months.


Northern Trust, ABN Amro/Mellon and Deutsche Bank have been interviewed so far for the custody slot and Bank of New York will be seen in two week’s time. Pension fund accountant John Shepherd would not be drawn on assessments of the short-listed so far.

The scheme’s panel meets on May 7 to discuss the appointment which it hopes to have in place by June 1. Shepherd said he would be speaking to contacts at other local authority schemes for their assessments of the candidates. He said he was aware Deutsche already had two other local authority custody briefs under its belt.

Other local authority schemes such as the pension fund for the £580 Highland Council, the £240m Royal Borough of Kensington and Chelsea Superannuation Fund and the £750m Cambridgeshire County Council are also on the verge of hiring global custodians. Last month Northern Trust was appointed global custodian of the £900m Dundee City Council Superannuation Fund.

Shepherd added that the scheme is currently awaiting the results of its three-yearly actuarial review. He said an ALS would follow and, by necessity, a review of investment managers.

Deutsche Asset Management, Gartmore Investment Management, Phillips & Drew and Prudential M&G are the fund’s current investment managers. Hymans Robertson acts as actuary and investment consultant

By Luke Clancy

Related articles

  • People Moves Blog: Mercer creates DB consolidation advisory team; Salvus appoints Parr as trustee
  • Savers are ultimately responsible for their own decisions, says industry
  • GMP equalisation could land DB members with six figure tax bill
  • Five stories you may have missed this week
  • RBS reports £100m GMP impact; slashes equity exposure by two thirds
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
  • Topics
  • United Kingdom
  • Custody

Latest stories

Pension Appointments Blog
People Moves Blog: Mercer creates DB consolidation advisory team; Salvus appoints Parr as trustee

  • Appointments
  • 18 February 2019
Savers are ultimately responsible for their own decisions, says industry

Most people think it is right that savers take responsibility to protect from pension scams.

  • Industry
  • 18 February 2019
calculator
GMP equalisation could land DB members with six figure tax bill

More than 100,000 savers face being landed with huge tax bills following tiny uplifts to their pension, a Freedom of Information (FOI) reply has revealed.

  • Defined Benefit
  • 18 February 2019
alan pickering
Our politicians should help us simplify the system

Alan Pickering says politicians should have the freedom to redefine what is meant by 'absolute'

  • Law and Regulation
  • 18 February 2019
Back to Top

Most read

calculator
GMP equalisation could land DB members with six figure tax bill
Pension Appointments Blog
People Moves Blog: Mercer creates DB consolidation advisory team; Salvus appoints Parr as trustee
Rising Star Awards
Rising Star Awards 2019 - Shortlists published
alan pickering
Our politicians should help us simplify the system
Savers are ultimately responsible for their own decisions, says industry
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Privacy and Cookie policy
  • RSS
  • Twitter
  • LinkedIn
  • Newsletters
  • YouTube

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017