Border To Coast Pensions Partnership has renewed its appointment of Northern Trust to provide asset servicing solutions for a further five years.
The Leeds-based local government pensions scheme (LGPS) pool represents 2700 employers and more than a million members.
The firm directly manages £40.3 billion of its partner funds’ investments, and provides support and advice on a further £8.2 billion invested outside of the pool.
Northern Trust will continue to provide fund administration, custody, brokerage, securities lending and depositary services to the organisation.
Fiona Miller, deputy CEO at Border To Coast Pensions Partnership, says: “Northern Trust has been instrumental in supporting our growth through the extension of services into more innovative asset classes, and continues to deliver change while maintaining integrity on daily delivery.”
James Wright, EMEA head of asset owners at Northern Trust, comments: “This reappointment underscores our commitment to the LGPS sector and the wider UK retirement industry.”
