NAPF publishes custody guide for pension funds 19 October 2012Liverpool Reporter: Jenna Jones
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The National Association of Pension Funds (NAPF) has published a guide to help pension fund managers and trustees understand global custody.
Custody Made Simple guide is written and sponsored by HSBC and was launched at the 2012 NAPF conference in Liverpool.
“The guide focuses on asset safety. It also provides practical insight into the key responsibilities of a global custodian; the core services that a pension fund should expect; and help in choosing a provider that serves the needs of a pension fund and its members,” explained a statement from the NAPF.
Joanne Segars, NAPF Chief Executive, said: “Pension funds are increasingly relying on global custodians to ensure that their assets are safe. This guide will help pension fund managers and trustees deal with custody issues. It provides key information about asset safety and the services that pension funds should expect from global custodians, as well as how they can choose a custodian that is appropriate to their needs.”
Drew Douglas, Co-Head of HSBC Securities Services, said: “Global custodians play an important role in enabling pension funds to give members confidence that their assets are being kept safe. We are pleased to be sponsoring this guide which we hope will be helpful to both trustees and pension funds looking to understand the role of a global custodian in more detail.”
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