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SEI Selected by University of Cambridge to Manage Defined Contribution Benefits

SEI Selected by University of Cambridge to Manage Defined Contribution Benefits 
LONDON -- (Marketwired) -- 05/06/13 --  SEI (NASDAQ: SEIC) today
announced that the University of Cambridge has selected the SEI
Master Trust as a solution for the Defined Contribution (DC) benefits
for members of Cambridge University Assistants' Contributory Pension
Scheme (CPS). The SEI Master Trust will act as a top-up pension
scheme to the CPS, a Defined Benefit (DB) scheme, for employees
joining the CPS arrangement after 1 Jan., 2013. Existing members of
CPS will also have the option to invest contributions in the SEI
Master Trust. 
The SEI Master Trust will provide the University of Cambridge with a
bundled, trust-based DC solution, including independent trustee,
member administration, and investment management. With over six years
experience operating a DC Master Trust in the U.K., SEI is able to
offer a customized service which will work in tandem with the
existing DB arrangements. 
Commenting on the appointment, Sue Curryer, Head of Pensions
Administration at the University of Cambridge, said: 
"The scheme's decision to select the Master Trust for DC was driven
by our desire to provide a solution for members that was both
flexible and efficient, with a sophisticated default fund. By
integrating the SEI Master Trust with CPS we have been able to
achieve one of our objectives of risk sharing between the employer
and members." 
Commenting on the appointment, Ashish Kapur, Head of Solutions for
SEI's Institutional Group in the European region, said: 
"We are delighted that CPS has selected the SEI Master Trust. Using
the SEI Master Trust to complement the current DB scheme demonstrates
the kind of flexibility available to employers who seek to provide DC
benefits with minimal disruption to their existing processes. It also
shows SEI's commitment to providing solutions which aim to deliver
high quality investment-oversight and governance. We look forward to
working closely with CPS in achieving their pension objectives."  
The SEI Master Trust
 The SEI Master Trust provides a fully-bundled
solution for employers delivering Defined Contribution (DC) schemes.
The Master Trust offers a range of flexible options for employers,
including the ability to outsource management of defe
rred members as
an alternative to DC scheme buy-outs and the capacity to design
customized default investment strategies. The Master Trust also
offers assistance in meeting auto-enrollment obligations. Key
benefits to employers include in-house investment management and
oversight, organization of member communications, flexible scheme
administration, and independent trustee oversight. 
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 retirement, nonprofit 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
modeling, 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. 
About SEI 
 SEI (NASDAQ: SEIC) is a leading global provider of
investment processing, fund processing, and investment management
business outsourcing solutions that help corporations, financial
institutions, financial advisors, and ultra-high-net-worth families
create and manage wealth. As of March 31, 2013, through its
subsidiaries and partnerships in which the company has a significant
interest, SEI manages or administers $495 billion in mutual fund and
pooled or separately managed assets, including $206 billion in assets
under management and $289 billion in client assets under
administration. For more information, visit
http://www.seic.com/enUK/index.htm. 
Company Contact:
Caroline Deutsch
SEI
+44 0207 297 6408
cdeutsch@seic.com 
Media Contact:
Sara Lyons
MHP Communications
+44 (0) 203 128 8519
sara.lyons@mhpc.com 
 
 
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