Lincolnshire County Council pension fund has renamed JP Morgan as its custodian, Professional Pensions reports. The scheme has also allocated the firm additional duties of undertaking accounting and performance measurement services. JP Morgan will take over the investment accountancy functions from the funds in-house team, while the performance measurement functions will be taken over from WM Company. Lincolnshire has decided to retain WM’s services so it can still be part of the WM Local Authority Universe.

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