SEI Master Trust signs to Fintech service to facilitate pension consolidation
10 June 2020
SEI Master Trust has joined the Origo Transfer Service, as part of it’s continual evolution and to meet member needs.
SEI Master Trust is part of the SEI Institutional Group’s outsourced investment management services and was one of the first UK Master Trust providers, established 13 years go. It offers a fully bundled solution for employers delivering defined contribution 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.
David Snowdon, director of DC Solutions in SEI’s Institutional Group, said signing to the Origo Transfer Service was part of the Master Trust’s “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.”
Anthony Rafferty, Managing Director of Edinburgh-based Fintech Origo, said the Transfer Service is “a natural fit with Master Trusts. By automating transfers the service is fundamental in helping providers deliver faster and better service and outcomes to their members and clients.”
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