SEI Master Trust Signs to Origo Transfer Service

LONDON, 10 June, 2020 – Origo today announced that the SEI Master Trust has joined the Origo Transfer Service. Part of the SEI (NASDAQ: SEIC) Institutional Group’s outsourced investment management services, the SEI Master Trust has global scale and a 13-year heritage as one of the first UK Master Trust providers. It offers a fully bundled solution for employers delivering defined contribution (DC) schemes, helping clients meet financial objectives, reduce business risk and fulfil their due diligence requirements through implemented strategies.

The Origo Transfer Service provides automated transfers of pensions, ISAs and GIAs for over 130 brands in the UK. It recently passed a significant milestone, having recorded the transfer of over £200 billion for the industry since launching in 2008.

Anthony Rafferty, Managing Director at Origo, said:

“Origo Transfer Service is a tried, tested and trusted service delivering for customers year on year. It is a natural fit with Master Trusts, and we are delighted that the SEI Master Trust has joined the Origo Transfer Service community.

“By automating transfers the service is fundamental in helping providers deliver faster and better service and outcomes to their members and clients.”

David Snowdon, Director of DC Solutions in SEI's Institutional Group, said:

“The SEI Master Trust has been constantly evolving to meet member needs since its launch in 2007, so the decision to partner with Origo and utilise its Transfer Service was taken as part of this continuous improvement programme.

It is hugely important to both SEI and the Trustee that our members receive excellent service. With an increasing number of members wanting to consolidate legacy pensions swiftly and securely into the Master Trust and SEI’s clear focus on efficient use of lean process technology, implementing the Origo Transfer Service was the logical decision.”

About Origo

Origo is a fintech company dedicated to improving connectivity between financial services companies, boosting efficiencies, improving performance and reducing integration costs for industry participants, while significantly improving financial outcomes for consumers.

Origo Transfer Service: https://www.origo.com/services/OrigoTransferService/Origo_Transfers.aspx

About the SEI Master Trust

The SEI Master Trust provides a high-quality, one-stop workplace pension solution for employers’ DC schemes. With its global scale and 13-year heritage as one of the UK’s first Master Trust providers, the SEI Master Trust utilises a manager-of-managers platform with best-of-breed member communications and administration. Delivering customised solutions for the entire member journey and guiding members through retirement and beyond, the SEI Master Trust received UK regulatory authorisation in August 2019.

About SEI’s Institutional Group

SEI’s Institutional Group is one of the first and largest global providers of outsourced investment management services. The company delivers integrated retirement, healthcare and nonprofit solutions to more than 470 clients in 12 countries, as of March 31, 2020. Our solutions are designed to help clients meet financial objectives, reduce business risk and fulfill their due diligence requirements through implemented strategies for the management of defined benefit plans, defined contribution plans, endowments, foundations and board-designated funds. For more information visit: seic.com/institutional-investors.

About SEI

After 50 years in business, SEI (NASDAQ:SEIC) remains a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of March 31, 2020, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages, advises or administers $920 billion in hedge, private equity, mutual fund and pooled or separately managed assets, including $283 billion in assets under management and $632 billion in client assets under administration. For more information, visit seic.com.

The SEI Master Trust is not available outside the UK and Europe.