Our DB solutions
Employers and trustees can select from three consolidation options for Defined Benefit (DB) pension schemes with TPT.
DB Connect is our integrated multi-trust solution. At its core is actuarial administration and fiduciary management. We believe it complements pension schemes where the existing Trustee Board remains in place. Some of the benefits that we see include time efficiencies, cost efficiencies and also greater accountability through a single service provider.
DB Complete is our Master Trust, offering all the above features plus trusteeship.
TPT has expanded its offerings to include standalone fiduciary management services. Our fiduciary management service, delivered by TPT Investment Management Limited (TPTIM), is available as part of our DB Connect and DB Complete services or as a standalone solution.
-
DB Connect
DB Connect is a new solution and an addition to our award-winning Master Trust. It means Defined Benefit pension schemes can take advantage of the benefits of consolidation, with TPT providing fiduciary management, actuarial, covenant, administration, accounting and secretarial services, whilst retaining the current scheme structure and existing trustee board.
-
DB Complete
DB Complete is a full-service DB Master Trust that takes care of your investment, actuarial, covenant, administration, scheme accounting, and trustee pension scheme responsibilities all under one roof.
-
Fiduciary management
Our fiduciary management service is dedicated to delivering superior outcomes for pension schemes, providing access to sophisticated investment strategies, competitive pricing and expertise in sustainability.
Video: Our approach
Commercial Director Nicholas Clapp explains our approach to managing Defined Benefit pension schemes.
Transcript
At TPT, we recognise that running a Defined Benefit pension scheme isn’t always straightforward. There’s more regulation, complexity and uncertainty. We want to take the pressure off you.
Our two solutions work hard to achieve your DB goals, however you want to reach your end-game.
Both are built on TPT’s 75 plus years of pension experience, with a proven consolidation track record, a flexible governance structure, and TPT’s huge scale.
DB Connect is our new solution, letting trustees plug into our proven DB expertise. Schemes get the advantages of consolidation, and TPT can take care of: Fiduciary Management, Actuarial, Covenant, Administration, Accounting, and secretarial services, whilst retaining the current scheme structure and existing trustee board. We do as much heavy lifting as you need, freeing up current trustees’ time and focus.
Then there’s DB Complete: our Master Trust. We take care of everything mentioned before, but include Trusteeship too.
A lot goes into our solutions. Because we know pensions inside and out. After all, we are owned by a pension fund. We keep things simple. Staying relentlessly future-focused, aligning your investment strategy with a flexible, long-term target that’s right for you and your scheme.
Let’s make pensions perform better for everyone.
Chat with us
Learn in more detail how we can support you with an existing DB pension scheme. You'll be able leave your details with us, book a call and find answers to your questions.
Our awards
The DB Master Trust / Consolidator award is an exceptional accolade for TPT and we’re delighted to have won it for three out of the last four years. It doesn’t just confirm our status as the leading DB Master Trust, it’s also recognition for the work that’s gone into creating an attractive, fully integrated solution for DB schemes.
Why choose TPT?
Our mission is to make pension schemes perform better for everyone, from trustees and employers to the members who have pension savings with us.
We're pension specialists
Pensions are all that we do. We understand them and have learned, over many years, what it takes to manage them effectively. Our teams know pensions inside and out, so you and your members don't have to, and we've invested time and money into developing the best possible systems and processes.
We're owned by a pension fund
We're owned by a pension fund, which gives us a thorough understanding of the pensions landscape and its complex regulations.
We keep things simple
TPT have the experience of working with traditional final salary schemes, through to more complicated arrangements. Our teams have the experience and confidence to understand your scheme and work with you to make it perform better for everyone. You'll always have an input into the running of your scheme, and we'll keep our discussions as clear and simple as you need them to be. With both DB Connect and DB Complete, your investment strategy will be aligned with an appropriate and flexible long-term target.
We're responsible investors
We were investing responsibly long before it was a requirement. It's not only the right way to work, but also an essential part of recognising financial risks and opportunities. We implement environmental, social and governance policies to secure the best outcomes, and actively engage in industry initiatives to help make a difference.
We're future focused
We manage pension schemes based on knowledge and insight, so that they can achieve better outcomes now and in the future. For the things we can't always predict, like market turbulence or new legislation, we have a long track record of adapting and innovating. It's what makes us one of today's leading pension providers and helps us to futureproof your pension scheme.
The transition to TPT has been a very smooth process and we’re grateful to the Trustees and their advisers for their support with the transfer. We are really pleased to be partnering with TPT on the running of the Scheme and look forward to working with them in ensuring that the members and Company receive a high-quality service.
Some of our customers
TPT manages 65 schemes, for over 2,500 employers, with 448,000 members (as at 30 September 2023).
Related articles
-
TPT Investment Management launches new LDI solution
TPTIM’s new LDI solution will be available to Defined Benefit schemes through its fiduciary management service. It is designed to enable schemes to implement robust long-term funding strategies focused on their endgame objectives. -
TPT Investment Management launches £800m Liquid Alternatives Fund
TPTIM’s new Liquid Alternatives Fund has c.£800m in assets invested in a broad spectrum of liquid alternative investment opportunities across credit and equity markets. -
TPT Investment Management launches new fiduciary management offering for UK pension schemes
The new fiduciary management service builds on the successful model of scheme consolidation – pooling assets to deliver value and impact – for the benefit of defined benefit pension schemes. -
DB scheme running costs surge 37% on average in the past year
Over a third (32%) of trustees of DB schemes have seen their costs rise by over 50% in the past year, according to new research from TPT.