Simplifying scheme management
As a pension scheme trustee, you understand the challenges that come with managing Defined Benefit (DB) schemes. From increasing regulation to complex fund management, these responsibilities can be time-consuming and demanding. It is important to work with a pension provider that has expertise in making pension scheme management more efficient. TPT's DB Connect is designed to help trustees effectively manage DB schemes while ensuring optimal outcomes.
Why DB Connect?
TPT is a leading DB consolidator and one of the UK’s premier workplace pension providers. We have been managing pension schemes for over 75 years, as one of the largest DB Master Trusts open to new business in the UK, our DB assets under management currently stand at c.£6.5 billion.
Our mission is to make pension schemes perform better for everyone. To achieve our mission, we know we must continually evolve and innovate to meet the ever-changing needs of our members and clients. The introduction of DB Connect epitomises this philosophy as we wanted to provide a genuine consolidation model for pension schemes.
DB Connect was introduced as a result of identifying the need for a consolidation solution for schemes where the trustee(s) want to remain in place. Through integrating the service proposition there is a smoother data flow between administration, actuarial and investment functions which ultimately leads to time saved and lower running costs.
Transcript
DB Connect is our integrated multi-trust solution, that we've introduced to the market.
At its core is actuarial, administration and fiduciary management and we believe that it complements pension schemes where the existing trustee board remains in place.
Now, some of the benefits that we see include time efficiencies, cost efficiencies and also greater accountability through a single service provider.
Fiduciary management
TPT offers professional trustees a sophisticated fiduciary management solution that combines expertise and a focus on your DB schemes needs.
With our robust risk management standards and access to investment opportunities through TPT's scale, we can tailor an investment strategy to your scheme's risk appetite and target outcomes.
Trust us to provide the support needed to establish and implement your endgame objectives seamlessly.
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 provide cost-efficient investments for our employers and members, using an approach that's supported by market-leading investment strategies and a long-standing commitment to responsible investing.
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.
We are specialists in consolidation – we are not distracted by the delivery of anything else.
Chat with us
Learn in more detail how we can support trustees with an existing DB scheme. You'll be able leave your details with us, book a call and find answers to your questions.
Related articles
-
TPT Investment Management launches £650m Private Credit Fund
The fund provides UK schemes with access to a wide range of investment opportunities in the Private Credit universe. -
Nearly nine in ten schemes set to decide endgame within five years
Almost nine in ten of trustees of DB pension scheme expect to decide upon an endgame strategy within the next five years according to new research from TPT. -
TPT‘s Trustee listed as signatory to UK Stewardship Code
TPT Retirement Solutions has announced that its dedicated trustee board, Verity Trustees Limited (VTL) has been confirmed as a signatory to the FRC’s UK Stewardship Code 2020. -
Reading Buses DB scheme consolidates into TPT’s DB Master Trust
TPT has announced that Reading Buses has consolidated its defined benefit (DB) pension scheme into TPT’s DB Complete Master Trust. The Scheme holds around £50m in assets on behalf of almost 450 members.