US - SEI Investments has won US$4.6bn in new institutional assets from companies who have selected the firm's new pensions management solution offered in the US.
SEI said new mandates included Cleveland-Cliffs Inc, Mikasa and Saint Barnabas Healthcare System.
“The new services integrate an organisations’ long-term strategy with its corporate financial goals,” SEI said in a statement.
The solution will be offered in the UK in the future, SEI added.
Commenting on the mandate wins, Patrick Disney, head of European Institutional Business Development, said: “At SEI we are looking to evolve our offering from an investment outsource solution and intend to develop a broader proposition that looks at the wider issues relating to pension schemes within a company.
“This approach, in which SEI will work closely with CEO’s and finance directors as well as Trustees to look at how the pension scheme fits with the company’s broader needs, is proving to be hugely successful in the US as demonstrated by these new mandate wins.
“We are looking to develop a similar approach in the UK where corporate finance considerations are given greater weight in decisions relating to pension schemes.”
The recent mandates bring SEI’s total assets under management worldwide to US$109bn.
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.