TotalFinaElf U.K. Pension Plan, London, hired Northern Trust as global...

TotalFinaElf U.K. Pension Plan, London, hired Northern Trust as global custodian for its L1 billion ($1.55 billion) in U.K. pension assets. The pension scheme was launched this month, after the oil company consolidated the 13 U.K. pension plans it was left with after the mergers of Total with PetroFina in 2000 and with Elf Aquitaine in 2001. Northern Trust was custodian for the L200 million Elf Exploration pension scheme.