Counting the costs. How operational consolidation helps DB schemes achieve better outcomes.
Pensions
Keeping control of pension scheme running costs can be challenging for trustees and employers. The amount a DB scheme pays will vary depending on its design and complexity – with some costs more obvious than others – so understanding what you are paying is the first step in keeping costs down. Trustees and their advisers, working together, can enable the schemes in their care achieve better outcomes at lower costs.
Operational consolidation – which involves a pensions service provider running DB schemes collectively, bringing them all up to best-in-class levels of efficiency and service – can be the solution to greater cost certainty.
Could operational consolidation help you and your scheme?
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Andrew Goddard
Partner, Head of Trustee Services
Paul Yates
Director & Head of Master Plan
Alexandra McClelland
Head of Small Client Solutions
Brian Flannery
Senior Consultant & Head of Enplan Business Development