Wed, Aug 31, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

University of Cambridge selects SEI to manage defined contribution benefits

Tuesday, May 07, 2013
Opalesque Industry Update - SEI has announced that the University of Cambridge has selected the SEI Master Trust as a solution for the Defined Contribution (DC) benefits for members of Cambridge University Assistants’ Contributory Pension Scheme (CPS). The SEI Master Trust will act as a top-up pension scheme to the CPS, a Defined Benefit (DB) scheme, for employees joining the CPS arrangement after 1 January 2013. Existing members of CPS will also have the option to invest contributions in the SEI Master Trust.

The SEI Master Trust will provide the University of Cambridge with a bundled, trust-based DC solution, including independent trustee, member administration and investment management. With over six years experience of operating a DC Master Trust in the UK, SEI is able to offer a customised service which will work in tandem with the existing DB arrangements.

Commenting on the appointment, Sue Curryer, Head of Pensions Administration at the University of Cambridge, said: “The scheme’s decision to select the Master Trust for DC was driven by our desire to provide a solution for members that was both flexible and efficient, with a sophisticated default fund. By integrating the SEI Master Trust with CPS we have been able to achieve one of our objectives of risk sharing between the employer and members.”

Commenting on the appointment, Ashish Kapur, Head of Solutions for SEI’s Institutional Group in the European region, said: “We are delighted that CPS has selected the SEI Master Trust. Using the SEI Master Trust to complement the current DB scheme demonstrates the kind of flexibility available to employers who seek to provide DC benefits with minimal disruption to their existing processes. It also shows SEI’s commitment to providing solutions which aim to deliver high quality investment-oversight and governance. We look forward to working closely with CPS in achieving their pension objectives.”

Press release

bc

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. The Big Picture: Water is single largest environmental investment opportunity[more]

    Benedicte Gravrand, Opalesque Geneva: Water, the world’s most precious and undervalued commodity, is set to lead the socially and environmentally responsible investment themes. This is according to specialist fund manager Thomas Schumann. His firm,

  2. Commodities - Hedge funds pile into bullish bets on U.S. crude by most on record, Rig count steady, hedge funds dump short contracts on 63 million barrels, Hedge funds bail on Copper as Goldman predicts ‘supply storm’, Hedge funds pile up bets against sterling[more]

    Hedge funds pile into bullish bets on U.S. crude by most on record From BRecorder.com: Hedge funds and other speculators raised their bullish bets on US crude oil in the past week by the most on record fuelled by speculation that Organization of the Petroleum Exporting Countries will agr

  3. Investing - U.S. hedge fund Marathon makes Brexit bet on European property, Hedge funds love Liberty and John Malone, DE Shaw could bid for control over TerraForm Power, New York hedge fund increases stake in Tronc as sale talks continue, Don't wait too long to check this +20% value fund's ideas[more]

    U.S. hedge fund Marathon makes Brexit bet on European property From FT.com: Marathon, a $13bn US hedge fund, is building a big Brexit trade, increasing its investments in property across Ireland, France, Germany and the Netherlands, in a bet that they will be among the big beneficiaries

  4. Investing - Hedge funds express interest in acquiring Terraform's class B shares, REIFs: A new opportunity for foreign real estate investors, $21bn distressed expert hedge fund likes these 4 ideas, This merger arbitrage ETF is drawing increased interest, Investors look to emerging Asia for returns[more]

    Hedge funds express interest in acquiring Terraform's class B shares From Thecountrycaller.com: The US residential solar provider, Sunedison Inc. has received a bid from hedge fund manager D.E Shaw & Co LP for controlling a stake in its Yieldco TerraForm Power Inc. According to Reuters,

  5. Opalesque Exclusive: Investors struggle to identify the better performing hedge funds[more]

    Komfie Manalo, Opalesque Asia: Fund managers and investors believe that performance is one of the major factors driving change in the hedge fund industry, a Preqin survey showed in its latest Hedge Fund Spotlight. Preqin said that the disappoin