How your investment strategy could benefit from consolidating into a Defined Benefit (DB) master trust
Citrus for Employers
Citrus for Employers
Moving to a DB master trust can significantly reduce the annual costs and strain of running your scheme, as well as enhancing the outcomes.
We help employers develop a clear strategy to achieve the objectives of their DB pension scheme. As a scheme created by employers for employers, we do this to deliver a better service at a lower cost, not to drive profits.
Through cost sharing and lower fund management charges, we’ll reduce your costs and manage fees while delivering an industry leading service.
Schemes transfer all of their assets and liabilities into their own ‘section’ of a larger DB trust, and then close down their old scheme. This consolidates the running of the scheme into the DB master trust alongside other former schemes and employers. There is no cross-subsidy of risk between different employers.
Citrus is supported by an experienced team of advisers who manage the day-to-day running of the Plan, allowing employers to concentrate on running their business.
We have agreed a strategy to target buy-out that strikes a suitable balance between contributions and investment risk. The support provided by trustees’ advisers throughout the funding negotiations was excellent.Mike Quayle, Group CEO, The Parkwood and Alston Groups
We’ll give you peace of mind throughout the joining process with a tried and tested approach, managed by experts.
Citrus is supported by an experienced team of advisers who manage the day-to-day running of the Plan, allowing employers to concentrate on running their business. This offers a great benefit in terms of reduced governance from not running their own trustee board, and having lighter-touch involvement going forward.
Employers can be as involved (or otherwise) as they want to be in the running of the pension scheme, giving you considerable flexibility in setting your own funding and investment strategy, if desired. For example, where an employer has specific objectives for the scheme, the Trustees and advisers will work in partnership with them to implement a strategy that is mutually beneficial to meet these objectives. Alternatively, the Trustee will take the lead on strategy if the employer wishes to step away from the scheme and focus on their day job.
Employers also have the option to nominate a trustee to sit on the Citrus Trustee Board, but this is not a requirement.
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The small scheme journey to buy-out