SEI completed the submission for authorisation of the SEI Master Trust on 28 February 2019, several weeks ahead of The Pensions Regulator’s (TPR) end of March 2019 deadline.
The SEI Master Trust, one of the first Master Trusts, launched in the UK more than 11 years ago.
Allan Course, Capital Cranfield Pension Trustees Limited, and Chair of the Trustees of the SEI Master Trust, says: “Having taken plenty of time to check – and then double check – that all of our Ts were crossed and our Is were dotted, we were very pleased to make our submission for authorisation well ahead of the deadline. The SEI Master Trust is one of the most established in the industry, benefiting as it does from years of experience in providing high-quality, outsourced pension scheme management whilst utilising SEI’s manager-of-managers investment proposition. I am proud to be its Chair.”
Steve Charlton, Managing Director of Defined Contribution, EMEA and Asia for SEI’s UK Institutional Group, says: “The defined contribution landscape and pensions saving environment have changed significantly in recent years, calling for a completely different approach to pension scheme management. Employers looking to outsource the management of their pension schemes are now able to focus on selecting a provider that can bring communication and investment innovation, and deliver better outcomes for their employees.”
