UK - Cardiff County Council pension fund has stipulated it would only appoint transition managers conforming to T-Charter standards, despite the code not yet being finalised.
The £900m (US$1.8bn) pension fund is looking for managers specialising in different asset classes to improve the efficiency of future fund transfers. In its request for proposal, the council stated: “There...
The £30bn Brunel Pension Partnership has hired CACEIS to provide cost transparency and benchmarking services across the partnership.
Michael Klimes looks at the latest proposal to bring transparency on asset manager costs.
Pat Sharman believes traditional custodians are not serving UK pension funds well and argues it could be time to shift towards the Dutch approach.
The Bank of New York (BNY) Mellon has been fined £126m by the Financial Conduct Authority for serious failures to safeguard clients' assets.
Cambridge and Northamptonshire local government pension schemes (LGPS) have appointed Northern Trust to act as custodian of their £4bn of assets.