“Collective trust funds are increasingly seen as an attractive vehicle for investment options offered in defined contribution and 401(k) retirement plans, due to their potential for greater pricing flexibility and other advantages,” said Peter Cherecwich, head of global fund services, North America, and chief operating officer for corporate and institutional services at Northern Trust.
"Asset management firms that aim to grow in this market can now be considered for our collective trust fund structure, under which Northern acts as trustee, as well as providing custody, fund accounting and fund administration.”
