CANADA - The United Food and Commercial Workers Pension Plan has hired RBC Dexia Investor Services as custodian for its multi-employer pension plan.
RBC will also offer benefit payment services for the scheme, which covers over 36,000 members, the firm said.
The UFCW pension plan could not be immediately reached for comment.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers