Marks & Spencer Pension Trust Selects Northern Trust for Asset Servicing Solutions
Northern Trust (Nasdaq: NTRS) has been chosen by Marks & Spencer Pension Trust to deliver asset servicing solutions for its £11 billion pension scheme. This collaboration includes global custody and financial reporting to enhance oversight and administration of investments. Northern Trust aims to facilitate improved transparency over ESG risk exposures and support the pension trust's de-risking journey. With a commitment to the retirement industry, Northern Trust currently serves nearly 300 UK pension funds with over US$884 billion in assets under custody.
- Selected by Marks & Spencer Pension Trust for asset servicing solutions.
- Managing £11 billion in assets, enhancing credibility.
- Provides global custody and financial reporting, improving investment oversight.
- Focus on ESG risk transparency, aligning with market trends.
- Serves nearly 300 UK pension funds with over US$884 billion in assets.
- None.
LONDON--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) today announced it has been selected by Marks & Spencer Pension Trust (M&SPT) in the United Kingdom (UK) to provide a range of asset servicing solutions to the M&S Pension Scheme, a defined benefit (DB) pension scheme of which M&SPT is trustee.
With
Northern Trust will provide global custody, financial reporting and analytical services to support M&SPT’s oversight and administration of its investment strategy, across its range of traditional, insurance and alternative investments.
These solutions include specialist fund administration and analytics for M&SPT’s private market portfolio, as well as delivering heightened transparency over its environmental social and governance (ESG) risk exposures through Northern Trust’s ESG Insights service.
Simon Lee, head of M&SPT and chief investment officer, said: “We require an asset servicing provider able to support the requirements of our broad, complex portfolio of investments and adapt to the scheme’s requirements as we progress through the de-risking journey. By appointing Northern Trust, we knew we were selecting a team and institution with the track record, technical expertise and long-term commitment to do that.”
Mark Austin, head of UK, Institutional Investor Group at Northern Trust, said: “As a committed partner to the retirement industry, we are delighted to support M&SPT in the stewardship of its assets. Northern Trust is focused on helping UK pensions meet the challenges of the market – whether, for example, by enabling transparency over investments, or supporting efforts to de-risk. Ultimately, we share the same objectives – of helping achieve good retirement outcomes for members.”
Northern Trust’s Institutional Investor Group provides services to almost 300 UK pension funds with collectively more than US
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 22 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2020, Northern Trust had assets under custody/administration of US
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Please read our global and regulatory information.
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