Norfolk, Suffolk and Hackney appoint custodian through LGPS framework

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Norfolk, Suffolk and Hackney Pension Funds have appointed HSBC Securities as custodian through the National Local Government Pension Scheme (LGPS) Frameworks.

The three funds, with combined assets of £5.2bn, are expected to save a total of £1.25m over the lifetime of the contracts, with an additional £250,000 saved in procurement costs. It is the firs...

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