Global pension funds on the hunt for new custodians

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Plan sponsors are in the midst of an unprecedented amount of custodian turnover, says J.P.Morgan Worldwide Securities Services managing director and head of pensions Benjie Fraser.

He said while the UK is leading the way in search activity, which is not unusual given the large size of the pension market, more and more interest has emerged in continental Europe, particularly in Sweden, the Netherlands, Germany and Switzerland.

"The bigger story is coming from continental Europe. There is serious

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