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UK defined benefit (DB) pension schemes are losing out on over £250m of additional income per year in their global equity portfolios because they are investing via less tax-efficient fund structures than those available, according to new research from The Asset Management Exchange (AMX) and Northern Trust (Nasdaq: NTRS), conducted by Broadridge Financial Solutions.
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Funds SA, the investment management corporation owned by the Government of South Australia, has appointed Northern Trust (Nasdaq: NTRS) for a AU$34bn mandate to provide a master custody solution including asset servicing, investment administration and investment data services, following a competitive tender process.
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Broadridge Financial Solutions, Inc. (NYSE:BR) and Northern Trust (Nasdaq: NTRS) have reached an agreement for Northern Trust to transfer its distributed ledger technology (DLT) platform for private equity (PE) asset servicing to Broadridge, marking a significant step toward delivering an industry-wide PE blockchain solution.