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The first contracts have been awarded under the new National LGPS Framework for Global Custody Services.
The Norfolk, Suffolk and Hackney Pension Funds conducted a joint call-off exercise and appointed HSBC Securities to provide custody from October of this year.
The new National LGPS Framework for Global Custody Services is now open for business.
Following on from the success of previous National LGPS Frameworks, this framework has been eagerly awaited across the LGPS, with a number of Funds expected to call-off in the first few months.
We are keen to capture ideas and suggestions about future National LGPS Frameworks.
The National Association for Pension Funds Annual Conference will be held in the Cotswolds, 20th, 21st and 22nd May 2013.
Members of the National LGPS framework initiative will be around to talk to and will be handing out promotional postcards.
A better way of securing investment consultancy advice is now available nationally to Local Government Pension Scheme funds and employing authorities through a new procurement framework.