State Street wins £ 25 billion Pearl Group mandate

Pearl Group, the Peterborough-based financial services organisation, which includes four life insurance companies - Pearl Assurance, London Life, NPI, and National Provident Life - has appointed State Street Corporation to provide it with a range of investment services for its £25.5 billion of assets. State Street will provide global custody, trade matching, derivatives processing and clearing, fund accounting, securities lending, trustee services, transfer agency, and transition management