State Street Global Advisors (SSgA), the investment management business of State Street has partnered with the SEI Master Trust.
SEI is now using SSgA’s index fund components to help power its investment offering within the SEI Master Trust.
The SEI Master Trust is a fully bundled multi-employer occupational pension scheme, which can be used to meet auto-enrolment requirements and to buy-out DC benefits.
SEI will be using a number of SSgA DC funds to help participating employees design competitively priced default funds.
Nigel Aston, head of UK DC, SSgA said: “SSgA’s DC business in the UK is founded on building solid partnerships with key industry participants and platforms."
"This new partnership strengthens our existing relationship with SEI and demonstrates how we continue to evolve to meet what is required from the next generation of DC solutions. We are delighted to be working with SEI to support its innovative proposition.”
