Northern Trust has teamed up with the National Association of Pension Funds (NAPF) in the United Kingdom for the second time to produce an update to its original custody guide entitled Custody Made Simple.
The 16 page guide, aimed at trustees, pension scheme managers and other interested parties involved in running a pension scheme, is available through the NAPF. It provides a clear and easy-to-understand introduction to custody, looking at the key questions pension scheme managers should ask their custodians. In addition, the guide examines risk, performance and managing the relationship between custodians and schemes.
Northern Trust is committed to helping pension funds navigate the evolving retirement market by giving them access to expertise and information to help their decision-making, says Penelope Biggs, head of the Retirement Solutions Practice at Northern Trust. Working on this guide with the NAPF is one of the many ways in which we are delivering against our commitments. We are delighted to continue our longstanding relationship with the NAPF and to be involved in producing an update to the original Custody Made Simple to which Northern Trust contributed in conjunction with the NAPF in 2003.
The guide is just one of the initiatives that fit into Northern Trusts broader strategy of working closely with pension schemes and their advisors, not only to deliver premier asset administration services but also insights into, and a perspective on, the market. Other recent educational activities include Northern Trusts annual EMEA conference which took place earlier in October, a trustee training day held in September and a web-cast on fresh thinking on defined contribution pensions which was given in conjunction with Investment & Pensions Europe magazine in September.
At Northern Trust, we believe that assisting pension funds in navigating the complexities of the retirement industry is one of our primary responsibilities as a global asset servicer, and even more so in these challenging markets, says Biggs. Producing this guide helps us fulfill this responsibility and fits into our wider programme of activities which includes dedicated trustee training sessions and web-cast events.
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