BACKGROUND Northern Trust is a leading provider of asset servicing, asset management and banking services to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 22 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. THE TASK Northern Trust has long provided investment administration services to defined contribution (DC) pension funds globally. As part of plans to further develop its range of services for United Kingdom (UK) pension schemes, its team identified a r

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