LONDON--(Marketwired - Apr 9, 2013) - SEI (
SEI will provide the Metroline schemes with a fiduciary management service that includes advice on asset and liability matching strategies and implementation of those strategies via the construction of efficient investment portfolios.
The Metroline trustees pointed to SEI's ability to deliver an active approach to growing and protecting funding levels with less reliance on quarterly meetings in their decision to work with SEI. With a fiduciary manager, Metroline's trustees can focus on strategic issues rather than asset management.
Commenting on the appointment, John Brace, Trustee on the Metroline London Northern and Metroline Pension Schemes, said:
"We decided to appoint SEI because we were keen to find a solution that would improve our scheme governance and allow us to more actively manage our funding level to reduce volatility and close any funding gaps. We undertook a rigorous procurement exercise with the guidance of our administrator and appointed SEI because we were impressed with the depth and quality of the company's team and SEI's significant track record in managing funding levels effectively. We were particularly attracted to SEI because it offered a bespoke solution that was tailored to our needs as a trustee body. We also felt a unique rapport with the team, which has given us confidence in SEI's ability to work with us and achieve our objectives for the scheme and its members."
"We are delighted that such a strong and well known brand like Metroline has made the decision to appoint SEI as fiduciary manager. Fiduciary management continues to grow in popularity in the U.K. and we have had an excellent start to 2013, with a significant increase in activity over the last few months. It is clear that trustee bodies in the U.K. are starting to recognise the need for a specialist approach to managing funding levels effectively and SEI's uniquely tailored offering is gaining significant traction in the market."
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 authorised and regulated by the Financial Conduct Authority.
No offer of any security is made hereby. Recipients of this information who intend to apply for shares in any SEI Fund are reminded that any such application may be made solely on the basis of the information contained in the Prospectus.