Capita launches full-service solution for smaller schemes

Capita Pension Solutions has launched a full-service solution for defined benefit (DB) pension schemes, designed specifically to support smaller schemes.

The integrated delivery model combines actuarial, investment, administration, and member services.

The solution was designed specifically for schemes with assets typically of less than £500m, and aims to address the unique challenges that small DB schemes face, including end game planning and the requirements of the new General Code of Practice.

In particular, it aims to provide better outcomes for trustees, employers, and members by allowing access to the expertise, flexibility, and opportunities usually enjoyed by much larger schemes.

Provided under a single fee structure, the tool also aims to improve the member experience, providing support on communications.

In addition to this, Capita suggested that those using the solution will have better endgame options, stating that those schemes within CP360 will get the attention of insurers if they opt for a buyout or buy-in.

Capita Pension Solutions managing director, Stuart Heatley, said: “Despite the promises of simplification, pensions have never been more complex.

"More rules and regulations, the pressure to control cost, and delivering the best possible outcome for members means running a pension scheme has never felt more challenging.

"Pensions are a huge responsibility regardless of scheme size and so we are excited to launch CP360 and give trustees access to benefits and services usually only enjoyed by larger schemes, to help them achieve their ultimate end destination.”

Share Story:

Recent Stories

DB risks
Laura Blows discusses DB risks with Aon UK head of retirement policy, Matthew Arends, and Aon UK head of investment, Maria Johannessen, in Pensions Age's latest video interview

Sustainable equity investing in emerging markets
In these highlights of the latest Pensions Age video interview, Laura Blows speaks to Premier Miton Investors fund managers, Fiona Manning and Will Scholes, about sustainable investing in equities within emerging markets

High-yield Investing
Laura Blows discusses short duration global high-yield strategies with Royal London Asset Management head of global credit, Azhar Hussain, in the latest Pensions Age podcast
Sustainable Investing
Laura Blows speaks to Royal London Asset Management sustainable fund manager, George Crowdy, about global sustainable equity investing