Northern Trust to Be a Pension Fiduciary

ABA Retirement Funds, a Chicago retirement plan provider for the American Bar Association, announced that Northern Trust Corp. in Chicago will provide fiduciary investment services for its retirement funds.

The retirement fund provider offers tax-qualified retirement plan services to legal professionals, it said Monday.

Under the agreement with Northern Trust, which is expected to take effect in the middle of next year, the banking company is to work with the program's record keeper to provide fiduciary investment services to more than 43,000 program participants and their more than $4.1 billion of assets.

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