HSBC today announced that it has been reappointed by the BBC as global custodian and fund administrator to its £17.3 billion pension scheme for the next five years. The scheme is one of the largest occupational pension schemes in the UK, providing benefits to over 50,000 people, and HSBC has been providing custody services to it for the last 17 years.

HSBC says the reappointment follows a detailed independent benchmarking and due diligence exercise of the pension scheme's global custody arrangements. As part of the renewal, HSBC will continue providing global custody, fund accounting and performance measurement services.

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HSBC today announced that it has been reappointed by the BBC as global custodian and fund administrator to its £17.3 billion pension scheme for the next five years. The scheme is one of the largest occupational pension schemes in the UK, providing benefits to over 50,000 people, and HSBC has been providing custody services to it for the last 17 years.

HSBC says the reappointment follows a detailed independent benchmarking and due diligence exercise of the pension scheme's global custody arrangements. As part of the renewal, HSBC will continue providing global custody, fund accounting and performance measurement services.