SEI Selected as Fiduciary Manager for C Brewer &; Sons Limited Pension Schemes
August 02, 2012 09:00 ET
SEI Selected as Fiduciary Manager for C Brewer & Sons Limited Pension Schemes
LONDON--(Marketwire - Aug 2, 2012) - [ SEI ] (
SEI will provide the C Brewer schemes with a [ Fiduciary Management ] offering that includes the implementation of asset and liability matching strategies, the construction of an efficient investment portfolio, and the selection and replacement of managers to run the portfolio. C Brewer's trustees decided to engage a [ fiduciary manager ] because of a desire to more effectively manage their funding level. The trustees wanted to implement a process that would allow for more nimble investment decisions to be made, with the aim of protecting improvements in funded status by managing liability risks on an ongoing basis.
Commenting on the decision to appoint SEI, Lynne Turner, Chairwoman of Trustees of the C Brewer & Sons Limited Retirement Benefit Scheme, said:
"The trustees of both schemes decided to appoint a fiduciary manager because we were keen to find a governance approach which would allow us to more effectively manage the assets of the scheme against the liabilities. Kim Gubler Consulting provided us with a detailed review and significant advice around the evaluation of fiduciary managers, and we chose SEI because of their significant track record in this area."
Commenting on the appointment, [ Patrick Disney ], Managing Director of SEI's Institutional Business for the EMEA region, said:
"We are delighted that the C Brewer and Sons Limited pension schemes have decided to appoint SEI as a fiduciary manager. This win is further evidence of the growing popularity of Fiduciary Management in the U.K. and the recognition that a Fiduciary Management approach can provide for a more effective and quick decision making process, allowing trustees to capitalize on investment opportunities as they arise. We look forward to working with C Brewer in achieving their pension scheme objectives."
About SEI's Institutional Group
SEI's Institutional Group is the first and largest global provider of outsourced fiduciary management investment services. The company began offering these services in 1992 and today acts as a fiduciary manager to approximately 450 retirement, nonprofit and healthcare clients in six different countries. Through a flexible model designed to help our clients achieve financial goals, we provide asset allocation advice and modeling, investment management, risk monitoring and stress testing, active liability-focused investing and integrated goals-based reporting. For more information visit: [ http://www.seic.com/enUK/institutional-investors.htm ].
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