SEI Master Trust – one of the first master trust providers in the UK – has joined the Origo Transfer Service.
This transfer service provides automated transfers of pensions, Isas and general investment accounts (GIAs) for over 130 organisations in the UK. Since 2008 it has transferred over £200bn.
SEI, part of the SEI Institutional Group has offered UK master trust since 2007, offering a fully bundled solution for employers offering defined contribution schemes.
Origo managing director Anthony Rafferty says: “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.
“By automating transfers the service is fundamental in helping providers deliver faster and better service and outcomes to their members and clients.”
SEI’s Institutional Group director of DC solutions, David Snowdon adds:
“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.
“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.”