UK - The £3bn (€4.5bn) Northern Ireland Local Government Officers' Superannuation Committee (NILGOSC) has appointed HSBC Securities Services as its new custodian.

HSBC takes over from incumbent custodian JPMorgan for the 74,688-member fund which administers the Local Government Pension Scheme for Northern Ireland.

Membership is open to employees working in the public sector who are not eligible to join another scheme (such as the Teachers', Lecturers' or Firefighters' schemes).