C. Brewer & Sons taps SEI as fiduciary manager for 2 plans
C. Brewer & Sons Ltd., Eastbourne, England, selected SEI as fiduciary manager for its two corporate pension funds with a combined £108 million ($169 million) in assets, a spokesman for the funds confirmed.
SEI will provide asset allocation, liability matching and manager selection services for the £75 million C. Brewer & Sons Ltd. Retirement Benefit Scheme and the £33 million C. Brewer & Sons Ltd. Executive Pension Scheme.
“The trustees of both schemes decided to appoint a fiduciary manager because we were keen to find a governance approach which would allow us to more effectively manage the assets of the scheme(s) against the liabilities,” Lynne Turner, chairwoman of trustees of the C. Brewer & Sons Ltd. Retirement Benefit Scheme, said in an SEI news release.
Kim Gubler Consulting assisted.
Ms. Turner was out of the office and unable to be reached for additional information.