Northern Trust reappointed by People’s Pension
26 October 2026 UK
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Northern Trust has been reappointed by People’s Pension, a UK workplace pension scheme, to provide fund administration, global custody, securities lending, and performance measurement.
The agreement extends a relationship which began in 2018, and the firms say Northern Trust has worked closely with People’s Pension over the last eight years through an evolution of its investment operating model, including transition to direct asset ownership and a multi-asset class structure.
Ian Hamilton, head of asset owners, EMEA, at Northern Trust, says: “This reappointment reflects the strength of our longstanding relationship with People's Pension and our shared commitment to delivering positive outcomes for millions of UK savers.”
Chris Fagan, trustee and chair of the Investment Committee for People’s Pension, comments: “We are pleased to continue our longstanding relationship with Northern Trust, whose team has developed a deep understanding of our operations and objectives over many years.
“Together, we are focused on strengthening our capabilities and ensuring we continue to deliver the best possible outcomes for our 7.2 million hardworking members.”
Dan Mikulskis, chief investment officer for People’s Pension, adds: “Building strong alliances with organisations that share our vision is fundamental to our journey in becoming a world-class asset owner, and supports our goal to become one of the world’s largest asset owners within the decade.
“Northern Trust has been a trusted provider throughout the past eight years, helping us enhance transparency, stewardship and operational effectiveness as we continue to grow.”
The agreement extends a relationship which began in 2018, and the firms say Northern Trust has worked closely with People’s Pension over the last eight years through an evolution of its investment operating model, including transition to direct asset ownership and a multi-asset class structure.
Ian Hamilton, head of asset owners, EMEA, at Northern Trust, says: “This reappointment reflects the strength of our longstanding relationship with People's Pension and our shared commitment to delivering positive outcomes for millions of UK savers.”
Chris Fagan, trustee and chair of the Investment Committee for People’s Pension, comments: “We are pleased to continue our longstanding relationship with Northern Trust, whose team has developed a deep understanding of our operations and objectives over many years.
“Together, we are focused on strengthening our capabilities and ensuring we continue to deliver the best possible outcomes for our 7.2 million hardworking members.”
Dan Mikulskis, chief investment officer for People’s Pension, adds: “Building strong alliances with organisations that share our vision is fundamental to our journey in becoming a world-class asset owner, and supports our goal to become one of the world’s largest asset owners within the decade.
“Northern Trust has been a trusted provider throughout the past eight years, helping us enhance transparency, stewardship and operational effectiveness as we continue to grow.”
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