SEI Appointed as Fiduciary Manager for GBP 127 Million Sappi UK Pension Scheme

SEI Appointed as Fiduciary Manager for GBP  127 Million Sappi UK Pension Scheme 
LONDON, UNITED KINGDOM -- (Marketwired) -- 09/23/13 --  SEI (NASDAQ:
SEIC) today announced that it has been appointed as fiduciary manager
by the Trustees of the Sappi U.K. defined benefit pension scheme
(Sappi). SEI will act as fiduciary manager for the total assets of
Sappi's GBP  127 million defined benefit scheme in the U.K. The
company sponsor, Sappi, is a global company focused on providing
dissolving wood pulp, paper pulp, and paper based solutions. Sappi
chose SEI after a competitive process involving several providers. 
As Sappi's dedicated fiduciary manager, SEI will provide strategic
investment advice and full implementation of a bespoke investment
strategy and journey plan (de-risking/re-risking plan) to meet the
company's funding goals. SEI will also manage the scheme's day-to-day
investment strategy including selection and replacement of managers,
tactical asset allocation, journey plan implementation, funding level
monitoring, and reporting. 
Commenting on the appointment, Arthur Tucker, Chairman of Trustees at
Sappi U.K. Pension Scheme, said: 
"We decided to appoint a fiduciary manager because of a desire by the
trustee body to be more proactive in managing the scheme's funding
level. We felt that partnering with a fiduciary manager would allow
us to delegate the day-to-day management of the scheme, providing us
with more time to focus on strategic issues. Our experience to date
has supported this decision. We selected SEI as our partner because
we were impressed with the company's considerable track record of
providing both advice and implementation, and the strength of its
process." 
Commenting on the appointment, Ian Love, Managing Director of UK
Business Development at SEI Institutional Group, said: 
"We are delighted that the Trustees of the Sappi scheme have
appointed SEI. 2013 has been a strong year for SEI's fiduciary
management business and the huge momentum behind sales is a testament
to the growing acceptance of fiduciary management as a model, and the
recognition of SEI's expertise as a specialist provider. We look
forward to further success in the remainder of the year and to
working with all our clients to achieve their funding objectives." 
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
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 June 30, 2013, through its
subsidiaries and partnerships in which the company has a significant
interest, SEI manages or administers $507 billion in mutual fund and
pooled or separately managed assets, including $204 billion in assets
under management and $303 billion in client assets under
administration. For more information, visit
http://www.seic.com/enUK/index.htm.  
This information is issued by SEI Investments (Europe) Limited, 4th
Floor, Time & Life Building 1 Bruton Street, London W1J 6TL which is
authorized and regulated by the Financial Conduct Authority. 
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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