NCCT40221 Global Custody Services.

Descriptions

The Norfolk Pension Fund, administered by Norfolk County Council, in collaboration with a number of other LGPS Administering Authorities, sought to establish a multi-provider Framework Agreement for the provision of Global Custody Services to the Local Government Pension Scheme. This is a National Framework Agreement, available for use by all LGPS Administering Authorities and their equivalent bodies in the UK.The Framework Agreement sought the appointment of a panel of global custodians in order to provide services including, but not limited to, safekeeping of assets, trade settlement, tax reclaims, corporate actions, proxy voting facilitation, investment accounting, online reporting, performance measurement, foreign exchange, cash management, compliance monitoring, passive currency hedging and other asset administration services which may arise from time to time.