Reducing the costs of your DB pension scheme
How we can help
Citrus makes it easy for employers
The costs of running DB schemes have soared in recent years. With legislative change and tighter regulatory scrutiny, smaller schemes are faced with additional pressures and an increasing governance burden. The time commitment required can divert attention away from running businesses.
We are a long-established DB master trust, one trust in which each employer has its own section, with assets of over £320 million and over 4,000 members.
We help employers develop a clear strategy to achieve the objectives of their DB pension scheme, achieving more for less through cost-sharing and the benefits of scale. As a scheme created by employers for employers, we do this to deliver a better service at a lower cost, not to drive profits.
Average savings of c.50% by moving to Citrus.Actual Citrus costs vs reported “average” costs from “Defined Benefit (DB) scheme running cost research”, TPR, April 2014
Save costs by working with Citrus
Moving to Citrus can significantly reduce the annual costs and strain of running your scheme, as well as enhancing the outcomes. Below we compare the Pension Regulator’s (TPR’s) analysis of average scheme running costs with the cost of running schemes of equivalent size in the Citrus DB master trust.
Source: Actual Citrus costs vs reported “average” costs from “Defined Benefit (DB) scheme running cost research”, TPR, April 2014
We’ll provide a solution that’s right for your scheme, with a level of involvement that’s right for you.
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