CANADA - The Workplace Safety and Insurance Board of Ontario hired State Street to provide custody, accounting, securities lending and investment analytics to C$15bn ($24.3bn) in assets.
State Street will provide these services to the Board's pension fund, loss of retirement income fund and insurance fund.
The Board administers the province's workplace insurance plan for employers and employees, and oversees Ontario's workplace safety education and training system.
State Street has $20.2trn in assets under custody and administration, and $1.9trn in assets under management.
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.