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Jeyes’ schemes appoint SEI for fiduciary management briefs

Professional Pensions | 19 Jul 2010 | 12:35

By Reygan Rudgley

Categories: Investment

Tags: Sei, Fiduciary management, Patrick disney

Two pension funds of cleaning and hygiene products company, Jeyes, have appointed SEI as their fiduciary manager.

disney-patrick-sei

SEI will provide the £22m Jeyes Pension Fund and the £2.6m Jeyes Supplementary Pension Scheme with a range of services - including the implementation of asset and liability matching strategies, the construction of an efficient investment portfolio, the selection of managers to run the portfolio, as well as the monitoring and replacement of investment managers via its manager of managers investment process.

It said it aimed to help the trustees incorporate an integrated strategy aiming to improve the funding status of the pension scheme.

Jeyes Pension Fund and Jeyes Supplementary Pension Scheme chairman of trustees Tim Cave said: "We decided to appoint a fiduciary manager because we were keen to enhance the governance of the scheme without increasing the cost or time spent by the trustees.

"We were attracted by the potential to make the assets of the scheme work harder and the improved alignment of assets and liabilities in the fiduciary management approach."

SEI managing director of EMEA business Patrick Disney (pictured) added: "Pension schemes are beginning to see the benefits of a model which can help to achieve the company's key goal of reducing the funding gap by outsourcing strategic advice, implementation, and oversight to one provider."

 

Categories: Investment

Tags: Sei, Fiduciary management, Patrick disney

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