Capita Pension Solutions has announced the launch of CP360 – a full-service offering that integrates actuarial, investment, administration, and member services.
The pension business said the offering was designed for schemes with assets of less than £500m - aiming to provide better outcomes for trustees, employers, and members by allowing access to the expertise, flexibility, and opportunities usually only available to much larger schemes.
It said the CP360 service would specifically address the challenges that small defined benefit (DB) schemes face - including endgame planning and the requirements of the new general code of practice, allowing services to be delivered efficiently and effectively.
Capita said the service would be delivered under a single fee structure and noted that all services would be delivered through a dedicated individual - meaning clients would only need to speak to one person on any aspect of the service. It added the administration would be provided by a specialist ringfenced team to provide a more tailored service.
It also said the service would include analytics and forecasting technology to provide all the information needed to manage the scheme.
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."