THE BANK of New York and Mellon Financial Corporation are set to merge in a bid to slash costs and boost services.
The new firm, which will be called The Bank of New York Mellon Corporation, will have $16.6trn (£8.39trn) in assets under custody – making it the world’s largest custodian. Its closest rivals – JPMorgan...
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.