NOW: Pensions, London, hired BNY Mellon as global custodian and administrator for the new U.K. defined contribution pension platform, said Morten Nilsson, CEO of NOW: Pensions.
Launched in January, NOW: Pensions is backed by the 579 billion Danish krone ($102 billion) ATP, Hilleroed, Denmark. BNY Mellon also provides custody services to ATP, Mr. Nilsson said.
