Northern Trust has become the custodian-of-choice for UK local government pension funds, having won eight other LGPS mandates.
Tag: Pension fund
The London CIV is looking for a global custodian and depositary that can assist them investing in alternatives.
The mandate will also include accounting and reporting, compliance monitoring, benefit disbursements, and cash sweep services.
The European Commission has told regulators pension funds should be exempt from collateral rules.