Sebastian Cheek looks at how the role of custodians has grown in the last 20 years and how they can benefit pension fund governance
All pension schemes require the services of a custodian in some form. As the grip of the credit crisis tightens, trustees need to be certain their assets are being held correctly, independently and valued...
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.