GLOBAL - State Street has launched a new research facility to provide clients with insights into the current and future state of the investment management industry.
The Centre for Applied Research will conduct primary research and work with resources within the financial services industry and across State Street to produce timely research on topics important to investors worldwide, the firm said.
The published research will offer insights on the future of financial markets and the global asset management industry, it added.
The initiative will be led by senior vice president Kelly McKenna and global head of research Suzanne Duncan.
"As a leader in the global financial services industry, State Street has established a strong track record of providing insights into the key themes impacting investors worldwide," said Jack Klinck, executive vice president and global head of corporate development and global relationship management at State Street.
"Employing primary research amongst the global asset management community, the Centre for Applied Research further builds on this tradition."
McKenna re-joined State Street in 2010 from BNY Mellon where she designed strategic plans for new business development with institutional clients. Duncan recently re-joined State Street from IBM, where she led research for the financial markets industry.
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.