LONDON--(Marketwired - Jul 29, 2013) - SEI (
SEI will provide Cooper Tyres with strategic investment advice and full implementation of a bespoke investment strategy and journey plan (de-risking/re-risking plan) designed to meet the company's funding goals. SEI will also manage the scheme's day-to-day investment strategy including: selection and replacement of managers, tactical asset allocation, journey plan implementation, funding level monitoring, and reporting.
Commenting on the appointment, Gavin Champion, Chairman of Trustees at the Cooper-Avon Tyres Limited pension plan, said:
"We decided to appoint a fiduciary manager because we wanted to be best positioned to seize opportunities in the market and delegate the day-to-day management of our pension scheme, allowing the Trustees to focus on strategic issues. We were also keen to proactively manage the scheme's funding level to ensure we have the best chance of meeting our goals. Since appointing SEI, we have been very pleased with the relationship and are particularly impressed with SEI's dedication to shouldering the day-to-day work load of the scheme."
Commenting on their appointment, Ian Love, Managing Director of U.K. Institutional Business Development at SEI said:
"We are delighted that the Trustees of the Cooper Tyres scheme appointed SEI. This win comes on the heels of an extremely positive first half of the year for SEI, which clearly reflects the growing acceptance of solutions like fiduciary management that focus on managing pension scheme funding levels. We look forward to working with Cooper Tyres to achieve their objectives."
About SEI's Institutional Group
SEI's Institutional Group is one of the first and largest global providers of outsourced fiduciary management investment services. The company began offering these services in 1992 and today acts as a fiduciary manager to more than 450 retirements, non-profit and healthcare clients in seven different countries. Through a flexible model designed to help our clients achieve financial goals, we provide asset allocation advice and modelling, 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.
This information is issued by SEI Investments (Europe) Limited, 4th Floor, Time & Life Building 1 Bruton Street, London W1J 6TL which is authorized and regulated by the Financial Conduct Authority.