UK - Global custodian Northern Trust has formally entered the UK fund accounting business.
The move – part of a continued growth strategy – complements existing fund administration capabilities of Northern Trust, which values over 2000 funds, striking close to 40,000 net asset values a month.
An innovative funding structure has been agreed for Croydon Pension Fund. However, there are some concerns about the arrangement. Stephanie Baxter reports
Some 52% of red flags raised by schemes on suspected scam pension transfers involve advisers or unregulated introducers, a report by the Pension Scams Industry Group (PSIG) has claimed.
The Norfolk Pension Fund has been successful as the lead plaintiff in a class action case that went to jury trial in California involving securities fraud.