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Custody made simple for pension funds

18 October 2012

A new guide is being published today (Thu) by the National Association of Pension Funds (NAPF) to help pension fund managers and trustees understand global custody.

Custody made simple is being launched at the NAPF Annual Conference in Liverpool at a time when the role of global custodians in safe-keeping the assets of pension funds is more important than ever.

The guide focusses 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. The guide is the latest addition to the NAPF’s popular Made simple series.

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.”
Custody made simple guide is written and sponsored by HSBC. It is officially launched at the NAPF’s Annual Conference in Liverpool today.

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.”

The guide (hard copy) costs £18 for NAPF members and £35 for non-members.It can be ordered onlineon NAPF's website here.

 

Notes to editors:

Other recent made simple guides include Hedge Funds made simple, Derivatives made simple, Transition Management made simple, and Defined Benefit Governance Structures made simple.

HSBC Securities Services (HSS)

HSBC Securities Services provides fund administration, custody and related securities services around the world with more than 7,000 employees and c2,000 clients. Global assets under custody are US$5.2 trillion and global assets under administration are US$2.4 trillion as at 31 December 2011.

The HSBC Group

HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 7,200 offices in over 80 countries and territories in Europe, the Asia-Pacific region, North and Latin America, the Middle East and Africa. With assets of US$2,556bn at 31 December 2011, HSBC is one of the world’s largest banking and financial services organisations.

The NAPF is the leading voice of workplace pensions in the UK. We speak for 1,300 pension schemes with some 16 million members and assets of around £900 billion. NAPF members also include over 400 businesses providing essential services to the pensions sector.