Defined Benefit (DB) schemes are central to our business.
The majority of the UK pensions market comprises smaller and medium sized schemes with a lesser number of very large schemes. Our client portfolio reflects this, ranging from schemes with assets of below £5m to those with assets running into tens of billions of pounds with household name sponsors. Our clients are as diverse as our Professional Trustees who work with them.
Whatever a scheme’s size and resources they all face the regular challenges of funding, investment and (seemingly ever increasing) governance. Within that they all have their own reasons for appointing a Professional Trustee, whether it is someone to share the load or bring additional expertise and direction or to address specific matters such as a corporate transaction, buy-in project or a stressed sponsor.
Most of our client schemes are closed to new entrants, many to future accrual and on de-risking flightpaths targeting self-sufficiency, buy-in or buy-out. Controlling volatility, risk and costs are also common themes. Going against the tide we have also set up a number of brand new schemes following corporate activity.
We work widely in all capacities, Chair, Co-Trustee, Sole Trustee or on an interim basis to support particular projects.
Whilst it's certainly helpful that a professional trustee has the relevant professional accreditation and experience - lawyer, actuary, accountant or in my case investment manager - I can't overstate enough the benefits of associating with a firm like Capital Cranfield, with its shared wisdom, governance support and sheer breadth of experience.
At Capital Cranfield, I particularly enjoy being part of a regulated Professional Services business dealing with clients large and small. I understand the expectations of service providers and we have implemented new IT platforms, policies and processes which have enhanced the quality of our service delivery, the security of our data handling and have enabled us to meet and exceed our clients’ expectations.