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.
PP has analysed the accounts of the biggest pension consulting firms and recorded the turnover (revenue) in their most recent accounts. The full leaderboard is below…
UK defined benefit (DB) schemes have increasingly undertaken benefit reviews over the last four years resulting in an acceleration of scheme closures, Aon research finds.
Contributions are no longer sufficient to meet regular payments for three-quarters of small- to medium- sized defined benefit (DB) schemes, Buck analysis finds.