Jeyes appoints fiduciary manager for pension scheme

The £22 million Jeyes Pension Fund and the £2.6 million Jeyes Supplementary Pension Scheme has appointed SEI as fiduciary manager to improve the funding position of the pension scheme.

SEI will implement asset and liability matching strategies and create an efficient investment portfolio, as well as develop a strategy to improve the scheme’s funding status.

Tim Cave, chairman of trustees at the Jeyes Pension Fund and the Jeyes Supplementary Pension Scheme, said:
“We decided to appoint a fiduciary manager because we were keen to enhance the governance of the scheme without increasing the cost or time spent by the trustees. We were attracted by the potential to make the assets of the scheme work harder and the improved alignment of assets and liabilities in the fiduciary management approach.”

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