Lifestyle Article - DB Master Trust appoint actuary as new Chair of Trustees


Citrus, the Defined Benefit (DB) master trust, has appointed Peter Thompson of Capital Cranfield as the plan’s Chair of Trustees.

 Peter is a qualified actuary with almost 15 years’ experience as a professional trustee. In his role as a professional trustee, Peter has dealt with a wide range of schemes including several with assets in excess of £1bn. He has also handled a Regulated Apportionment Arrangement, several buy-outs, a Company Voluntary Arrangement and many sets of employer negotiations and Regulator interactions.

 Peter has also been Chairman of the PLSA and Master of the Worshipful Company of Actuaries.

 Commenting on his new role as Chair of Trustees at Citrus, Peter Thompson says: “I’m very excited, and feel very privileged, to be joining Citrus at such an interesting time for DB master trusts. While master trusts for DB schemes are far from new, the benefits they can bring have never been more relevant. Many smaller employers with DB schemes struggle with their growing administrative responsibilities and governance requirements, and master trusts like Citrus are perfectly placed to help through their ability to reduce a scheme’s running costs and centralise the governance burden.”
 
 Lindsay Davies, Trustee Secretary at Citrus welcomes Peter, saying: “We’re thrilled to welcome Peter to Citrus. His wealth of experience as both a professional trustee and a pension professional means he is perfectly placed to lead Citrus at this pivotal time for DB pensions and those responsible for successfully delivering them.”

 Citrus is a long-established Defined Benefit master trust in which each employer has its own ring-fenced section. Created over 25 years ago by employers for employers, Citrus now has assets of over £300 million and over 4,000 members from a diverse range of employer sectors and lifecycle stages.
  

Back to Index


Similar News to this Story

LMG confirms Wagstaff as permanent CEO
The board of the London Market Group (LMG) is pleased to announce the appointment of Caroline Wagstaff as the LMG’s permanent Chief Executive Officer.
John Chilman to be appointed as PLSA Policy Board Chair
The Pensions and Lifetime Savings Association (PLSA) has announced that John Chilman – Chief Executive of RPMI – will become its Policy Board Chair on
PTL appoints Stopard as Head of Proposition Development
PTLhave announced the appointment of Mark Stopard as its new Head of Proposition Development.

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.