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Pensions

 

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

Detailed Guidance

SEI Master Trust

 

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:

SEI Default Fund

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