Northern Trust will provide the $23 billion UK pension scheme with global custody services and analytics on investment operations and performance measurement.
Nearly half of pension fund managers surveyed by CACEIS felt there were not properly equipped to monitor their ESG activities to a high standard.
The Chicago-based custodian provides asset servicing solutions to over 260 UK pension funds with collectively more than £600 billion in AUC.
The move sees SJP migrate its £69.1 billion of assets under management from its legacy system onto the SS&C's Bluedoor platform.
The FCA's decision to refer investment consultants to the Competition and Markets Authority could spell radical changes for the industry.