JPMorgan Appointed Custodian of Top UK Plan

September 17, 2001 (PLANSPONSOR.com) - UK pension plan Prudential Staff Pension Scheme has appointed JPMorgan Investor Services Europe, Middle East and Africa (EMEA) as its global custodian.

The Prudential Staff Pension Scheme is a defined benefit, final salary plan for employees of Prudential and is, with a fund value of £4.2 billion, among the top 50 plans in the UK.

In the last 12 months, the fund has seen substantial changes in investment managers. The fund, which was previously run by one balanced manager, now has six specialized managers covering UK, European, US and Far East equities, property investments and Venture capital.

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The pension plan will also use JPMorgan’s investment accounting service, additional monitoring required as a result of the recent changes.

JPMorgan Investor Services is one of the world’s largest providers of custody and investor related services, with nearly $6 trillion in assets under custody, of which $2.3 trillion are global custody assets. 

JP Morgan Chase & Co manages assets of $713 billion and operates in more than 50 countries.

– Camilla Klein                  editors@plansponsor.com

Read more at our Custody and Master Trust Solution Topic

Read more at our Global Custody 2000 Survey

Family More Important Than Work

May 8, 2002(PLANSPONSOR.com) - Many workers are more concerned about balancing their families and their careers than they are about being laid off, a new survey finds.

Some 32% of workers polled said the ability to balance business and personal demands was most important to them.

Meanwhile, 22% cited job security while another 18% of respondents said earning a competitive salary was uppermost on their mind.

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Just over one in ten respondents viewed keeping their technical skills current as their key issue while 10% claimed receiving an advanced degree or certification was most important.
 
The survey, which covered 567 people who were at least 18 years old, was conducted by OfficeTeam, a staffing service. All respondents were employed full time in professional environments.

 

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