The announcement of our acquisition of the Atlas Master Trust last week was a defining moment for us at SEI. The launch of our master trust 14 years ago made it one of the first in UK and we've worked alongside Capita ever since. Post authorisation in 2019, the team has been working continuously to deliver a brilliant updated service to our clients and members. As the master trust market matures, value for members, enhanced technology, better member outcomes and being able to build the very best solution for every aspect of the proposition are key to our and our members' future success. We are excited be able to bring that service to a wider member base.
Bigger
Following the acquisition, we will have almost £2bn in assets under management and 134,000 members. Bigger really does equal better in the race to delivering exceptional value for members.
The future looks rosy, our new scale will enhance our services, enabling us to help make our clients happy and help provide even better value to members. The technology we have developed will collect more behavioural data from the larger member base, all of which can be converted into meaningful management information for us and our supporters.
Better
We are excited to be introducing a new range of funds that reflect our sustainability credentials. We have also been rethinking the member experience and how we can put ordinary people in touch with their money, particularly by increasing the functionality of our award-winning open banking app. Our video statements will be sent out to all members, whether they are on their way to retirement or beyond. We are committed to delivering innovative solutions to defined contribution schemes through the master trust, be that retirement capabilities, sustainable investment choices or solutions for a future not fully imagined yet.
Those innovations are built in collaboration with some outstanding partners, specialists in their areas and examples of our best of breed approach. We've also expanded the SEI team with new positions in advance of the acquisition and ready to support our tech-led approach with a great personal service.
Committed to members
Our operational and client teams, supplemented by some very valued Atlas colleagues, have started the important task of bringing the two trusts together. At completion a single board of trustees, with representation from both trusts, will start to work on converging governance processes and making sure both sets of clients continue to be very well looked after. Our long partnership with Capita really supports this integration as both trusts are already supported by the same dedicated administration team. The excellent service SEI has always had from the consistent team at Capita sets us up to jump into business as usual from day one. As if that weren't enough, we are now one of Capita's key strategic partners.
This acquisition was a strategic decision for both Capita and SEI. It demonstrates to the UK pension industry and to all our members, SEI's enduring commitment to the master trust. It is a sensible, logical and strategic pathway to our future. The combined team have their feet on the accelerator pedal and we are looking forward to an exciting 2022.
If you have any questions, please do not hesitate to contact us.
Steve Charlton
DC Managing Director, EMEA & Asia
Disclaimer
This advertorial has been created in relation to the SEI Master Trust, an occupational pension scheme which is authorised by the Pensions Regulator. This information is issued and approved by SEI Investments (Europe) Ltd ("SIEL") 1st Floor, Alphabeta, 14-18 Finsbury Square, London EC2A 1BR. This advertorial and its contents are directed at persons who have been categorised by SIEL as a Professional Client and is not for further distribution. SIEL is authorised and regulated by the Financial Conduct Authority. While considerable care has been taken to ensure the information contained within this document is accurate and up-to-date, no warranty is given as to the accuracy or completeness of any information and no liability is accepted for any errors or omissions in such information or any action taken on the basis of this information. The information in this document is for general information purposes only and does not constitute investment advice. Investment in the range of the SEI Master Trust's funds are intended as long-term investments. The value of an investment and any income from it can go down as well as up. Investors may not get back the original amount invested.
