LONDON, 23 Nov., 2015 – SEI (NASDAQ: SEIC) today announced that it has been appointed Fiduciary Manager by the Trustee of the UK Power Networks Pension Scheme. SEI will provide integrated investment advice and asset management for the £200 million defined benefit scheme replacing the existing investment consultant and asset managers. The Trustee chose SEI following a competitive process, involving nine providers, run by IC Select. In addition, SEI will also provide investment advice to the DC section of the scheme.
As Fiduciary Manager, SEI will provide a customised solution designed to meet and maintain the scheme’s long-term funding objectives. SEI will deliver strategic investment advice, as well as, full implementation of an investment strategy and journey plan, and will also provide a full suite of trustee training for the scheme.
SEI - SEI Appointed Fiduciary Manager To UK Power Networks Pension Scheme - US
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