Northern Trust and the National Association of Pension Funds (NAPF) have joined forces to update their custody guide, Custody Made Simple.

This is the second time the two organisations have worked together, and the update is part of the Northern Trust's programme of initiatives focused on supporting the retirement services industry.

The guide is aimed at trustees, pension scheme managers and other interested parties who are involved in the running of a pension scheme, and is available through the NAPF. It addresses key questions that pension scheme managers should be asking their custodians, and examines risk, performance and managing the relationship between custodians and schemes.

Penelope Biggs, head of the retirement solutions practice at Northern Trust, said: "Northern Trust is committed to helping pension funds navigate the evolving retirement market by giving them access to expertise and information to help their decision-making.

"Working on this guide with the NAPF is one of the many ways in which we are delivering against our commitments. We are delighted to continue our longstanding relationship with the NAPF and to be involved in producing an update to the original Custody Made Simple to which the Northern Trust contributed in conjunction with the NAPF in 2003."

Biggs added that Northern Trust produced the guide to help it fulfil its responsibility in assisting pension funds in the navigation of the complexities of the retirement market. "Producing this guide helps us fulfil this responsibility and fits into our wider programme of activities which includes dedicated trustees training sessions and web-cast events."

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