GLOBAL - Northern Trust has been forced to write off the US$4.8bn (£3.1bn) it invested in the Global Straight Through Processing Association.
The association – a 41 member non-profit organisation – closed after failing to find sufficient funding to stay afloat.
GSTPA was an initiative directed towards creating a global trade management system and promoting straight through processing in securities trading.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.
Jonathan Stapleton says the success of the government's check your state pension service shows just how popular a dashboard could be if it can be launched.
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.