UK pension hires for asset servicing, including alts

Marks & Spencer Pension Trust has tapped Northern Trust for asset servicing solutions for the M&S Pension Scheme.

The £11 billion ($14 billion) pension scheme is one of the 25 largest corporate pensions in the UK. Northern Trust will provide global custody, financial reporting and analytical services to support the pension fund’s oversight and administration of its investment strategy, which includes alternative investments.

The Chicago-headquartered Northern Trust will also provide specialist fund administration and analytics for Marks & Spencer’s private market portfolio, as well as delivering transparency over its environmental . . .

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