The guide focuses on asset safety and provides practical insight into the key responsibilities of a global custodian, including the core services that a pension fund should expect. Written and sponsored by HSBC, the guide also gives tips on choosing a custiodian that meets the needs of pension funds and their members.
“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,” said NAPF chief executive, Joanne Segars.
“Global custodians play an important role in enabling pension funds to give members confidence that their assets are being kept safe. We hope will be helpful to both trustees and pension funds looking to understand the role of a global custodian in more detail,” said co-head of HSBC Securities Services, Drew Douglas.