NT to provide global custody to House of Fraser Beatties & Jenners Pension Scheme
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NT to provide global custody to House of Fraser Beatties & Jenners Pension Scheme 21 November 2019London Reporter: Becky Bellamy
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Northern Trust has been appointed to provide global custody and valuation reporting services to the House of Fraser Beatties & Jenners Pension Scheme’s defined benefit pension scheme.
The pension scheme provides retirement income for approximately 10,000 scheme members across the UK.
Mark Austin, head of UK Institutional Investor Group, Northern Trust, commented: “The retirement industry is central to Northern Trust's business—every day we partner with pension schemes to support their strategies and long?term objectives. We are delighted to work with the House of Fraser Beatties & Jenners Pension Scheme team in this way—meeting their needs for asset servicing expertise while enabling close control and oversight over investments.”
Suzanne Willshire, trustee director, House of Fraser Beatties & Jenners Pension Scheme, added: “Appointing Northern Trust as our global custodian and asset servicer provides us with the safekeeping and transparency we require for our day-to-day business. We look forward to working closely with Northern Trust in managing our scheme’s investments.”
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