Border to Coast appoints Northern Trust as TPA

The Borders to Coast Pensions Partnership, the £43 billion asset pool for 12 local authority pension funds, has appointed Northern Trust as its third-party administrator (TPA) and depositary after a robust public procurement process.

Borders to Coast said it will work in partnership with Northern Trust to develop an operation model for pooling the assets of the 12 partner funds. Border to Coast chief operating officer, Fiona Miller, commented: “I am excited to start the next stage of the journey for Border to Coast, working alongside Northern Trust as we build out the infrastructure which will support our organisation both now and into the future. Through their long-term partnership with the LGPS and extensive expertise in ACS structures, Northern Trust’s understanding of our needs and the culture we want to build make them a natural partner for Border to Coast.”