Northern Trust’s UK pension fund custody business gained ten new clients and USD13bn in new assets under custody in 2009.

Northern Trust provides custody and related services to approximately one-third of the top 200 pension funds in the UK and one-third of all UK local government pension funds, including the British Telecommunication pension scheme and Strathclyde Pension Fund.

"As the retirement market evolves and requirements become increasingly sophisticated, clients are seeking not only an excellent service, but also insights and opinions from us to help inform their decision-making," says Peter Holman, head of the institutional investor group for Europe Middle East and Africa at Northern Trust.

Northern Trust's retirement solutions practice was formed in 2009. It is a dedicated group to help pension funds clients in EMEA navigate the complexities of the evolving retirement market.