SEI Selected by Avery Dennison UK Pension Plan for De-Risking

SEI Selected by Avery Dennison UK Pension Plan for De-Risking 
LONDON -- (Marketwired) -- 07/05/13 --  SEI (NASDAQ: SEIC) today
announced that it has been appointed as fiduciary manager by the
Trustees of the Avery Dennison U.K. Pension Plan (Avery Dennison
Plan). SEI will act as fiduciary manager for the total assets of
Avery Dennison's GBP  90 million defined benefit scheme in the U.K.
Avery Dennison is a global leader in labeling and packaging materials
and solutions. Avery Dennison undertook a thorough selection process
before appointing SEI, initially reviewing five providers before
short-listing three to go to a final stage. 
SEI will provide the Avery Dennison Plan with a bespoke offering,
which includes the design and implementation of a de-risking
strategy, ongoing monitoring of the Plan's funding level, strategic
investment consulting services, as well as day-to-day management of
the Plan's investment strategy. Avery Dennison's trustees decided to
engage a fiduciary manager specifically to implement a dynamic
de-risking strategy. The trustees wanted to implement a process that
would enable nimble investment decisions and allow them to delegate
the day-to-day management of the scheme so that they could focus more
directly on strategic decisions. 
Commenting on the appointment, Paul Newman, Trustee Director at the
Avery Dennison U.K. Ltd Pension Scheme, said: 
"We decided to appoint a fiduciary manager because we were keen to
find a solution that would give us the best chance of both fixing and
protecting our funding level. We selected SEI because of its
reputation as a specialist and strong heritage in delivering
fiduciary management globally. We look forward to working with SEI to
capture opportunities for de-risking the Plan." 
Commenting on the appointment, Patrick Disney, Managing Director of
SEI's Institutional Group in the EMEA region, said: 
"We are delighted that the Trustees of the Avery Dennison Plan have
decided to appoint SEI to help de-risk their Plan. SEI has had a
strong start to 2013 as demand for more accountable and proactive
investment consulting and de-risking solutions continues to grow in
popularity in the U.K. This appointment supports the view held by
many trustees that partnering with a fiduciary manager can help them
achieve their funding objectives. We look forward to working with the
Avery Dennison's trustees to accomplish their goals." 
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 retirements, non-profit 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
modelling, investment management, risk monitoring and stress testing,
active liability-focused investing and integrated goals-based
reporting. For more information visit: 
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 
This information is issued by SEI Investments (Europe) Limited, 4th
Floor, Time & Life Building 1 Bruton Street, London W1J 6TL which is
authorised and regulated by the Financial Services Authority. 
No offer of any security is made hereby. Recipients of this
information who intend to apply for shares in any SEI Fund are
reminded that any such application may be made solely on the basis of
the information contained in the Prospectus. 
Company Contact: 
Caroline Deutsch 
+44 0207 297 6408  
Media Contact:
Sara Lyons
MHP Communications
+44 (0)203 128 8519 
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