Transaction was first announced in July with completion subject to regulatory approvals
The combined master trust will have assets under management of £3.4bn
Latest research helps unpack the issues at the heart of low scheme member engagement
SEI confirmed it had bought the master trust from Capita in October
The People's Pension, Atlas Master Trust and The Cheviot Trust have been granted authorisation from The Pensions Regulator (TPR), taking the total number of authorised master trusts to 18.
SEI Master Trust and National Pension Trust have been granted authorisation, becoming the 14th and 15th master trusts to be given the stamp of approval by The Pensions Regulator (TPR).