CPS - Hybrid Section - For Members Joining 01/01/2013 or Later
New members from 01/01/2013 onward have been entered into the Hybrid section of the scheme. In this section of the scheme members simultaneously accrue two separate pensions, a defined benefit pension which is administered by our office and a defined contribution pension which is administered by the SEI Master Trust team. If you are in this section of the scheme then you should expect to receive information from both our office and from the SEI Master Trust and should be aware that these communications may be referring to separate benefits.
The full scheme rules are available at: The CPS Scheme Rules and 2004 Scheme Changes
If you are looking for forms or reporting a death please see the CPS homepage.
On this page this you can find:
Overview
The following two documents offer an overview of the Hybrid section of the CPS and provide a good starting point for understanding your pension-
The Hybrid Guide (PowerPoint Booklet)
University Assistants Staff Pension - A Simple Guide
Detailed Guidance
The following factsheets cover specific areas of the Hybrid section of the CPS in more detail-
Factsheet 1 Eligibility
Factsheet 2 Retirement Benefits
Factsheet 3 Defined Contribution Basics
Factsheet 4 Defined Contribution Provider
Factsheet 5 Defined Contribution Fund
Factsheet 6 Defined Contribution Investment Guide
Factsheet 7 Defined Contribution Retirement Guide
Factsheet 8 Contributions
Factsheet 9 Salary Sacrifice
Factsheet 10 Topping Up your Benefits
Factsheet 11 Early Retirement
Factsheet 12 Late Retirement
Factsheet 13 Pension Increases
Factsheet 14 Death Benefits
Factsheet 15 Leaving Service
Factsheet 16 Ill Health and Incapacity Benefits
Factsheet 17 Transfers
Factsheet 18 Divorce
Factsheet 19 State Pension Benefits
Factsheet 20 Disputes and Complaints
Factsheet 21 Flexible Retirement
Factsheet 22 Absence (including Maternity / Paternity, sabbatical and sickness leave)
SEI Master Trust
Members of the Hybrid section of the CPS simultaneously accrue a defined benefit pension which is administered by our office and a defined contribution pension which is administered by the SEI Master Trust team.
Members can view and manage their SEI Master Trust pension online here.
Unless you have chosen otherwise the SEI Master Trust will invest your fund using the default investment strategy outlined in the following factsheet:
Below is a listing of the full range of investment funds that are available to members of the SEI Master Trust.
You can find out more about the funds, including the ability to view factsheets and performance, here.
Note: for new funds introduced in 2024, fund performance, including factsheet information will become available in Quarter 4 of 2025, following one year’s performance.
If you wish to make changes to the investment strategy for your SEI Master Trust fund you can use the link above to view and manage your SEI Master Trust pension online.
Funds
(* denotes where used in the default strategy)
(** denotes where is a brand new fund introduced from 2024)
SEI Risk Rated, Multi-Asset Funds
1. SEI Aggressive Fund
2. SEI Growth Fund
3. SEI Core Fund *
4. SEI Moderate Fund *
5. SEI Defensive Fund
SEI investment (Asset Class) Funds
6. SEI Factor Allocation Global Equity*
7. SEI MT Global Equity
8. SEI Small Cap Select
9. SEI Emerging Market Equity
10. SEI UK Equity
11. SEI MT Shariah Compliant
12. SEI MT Sustainable Equity**
13. SEI MT Global Impact Equity**
14. SEI MT Climate Transition Equity Index Tracker**
Regional Equity Funds
15. SEI MT UK Equity Index Tracker
16. SEI MT Europe (ex UK) Equity Index Tracker
17. SEI MT North American Equity Index Tracker
18. SEI MT Asia Pacific (ex Japan) Equity Index Tracker
19. SEI MT Japan Equity Index Tracker
Fixed Income
20. SEI UK Core Fixed Interest
21. SEI Global Fixed Income
22. SEI Global Opportunistic Fixed Income
23. SEI MT Conventional Gilts over 15 years
24. SEI MT UK Index Linked Gilts over 5 years
25. SEI MT UK Ethical Corporate Bond**
26. SEI MT Sterling Liquidity*
Alternatives
27. SEI MT Direct Property