TPT Retirement Solutions, one of the UK's leading providers of workplace pensions with more than 75 years' experience, high quality administration and award-winning investment solutions. DB Complete is our award-winning Master Trust solution. We manage schemes for over 2,500 employers and 448,000 members. Employers have been trusting us with their pensions for over 75 years and with assets of £9.6 billion we are one of the leading providers of workplace pensions in the UK. Each scheme is individually tailored with its own funding and investment strategy, and with TPT having no shareholders, we can pass savings on to our employers and members.
External link for TPT Retirement Solutions
Verity House
6 Canal Wharf
Leeds, LS11 5BQ, GB
The government’s proposal to open collective defined contribution pension schemes (CDCs) up to more businesses is considered in patrick hosking's report for The Times. Read it, including comment from TPT’s Andy O'Regan, here: https://lnkd.in/evxQDJV3 Please take a minute to respond to the poll below...
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A really interesting podcast from Philip Smith and the IFA Talk team, on the poor take-up of financial advice by people approaching retirement. Listen as they discuss the potential reasons for this – including the shift from a defined benefit to a defined contribution generation and the perceived value of financial advice – and how our industry can help.
Helping us to dig down into the topic of retirement is Sue and Meg’s guest on the IFA Talk podcast today, Philip Smith, Director of Defined Contributions, at TPT Retirement Solutions – one of the UK’s leading providers of workplace pensions. #IFATalk #Retirement Listen to the podcast below, we hope you enjoy!
The government has today launched a consultation on the proposed extension of collective defined contribution (CDC) pension schemes to multi-employer arrangements, following yesterday’s launch of the first CDC pension scheme by the Royal Mail. CDC schemes are expected to deliver better member outcomes than DC, while retaining predictable costs for employers. Minister for Pensions, Emma Reynolds, said that the inclusion of a wider range of businesses and employees would “modernise our pensions market” and “offer a more predictable income and greater finance security for future pensioners.” TPT has been exploring the prospect of multi-employer CDC solutions since they became an option for single-employer pension schemes, including hosting roundtable discussions last year (https://lnkd.in/eU3FZgkm). Client & Strategic Partnerships Director at TPT, Andy O’Regan, commented: “We’ve already been speaking to around 200 employers who have expressed interest in how a CDC scheme could be delivered for their employees. This consultation will open the door to CDC for all employers regardless of size, with the first multi-employer CDC scheme potentially launching within a couple of years. We believe many employers, pension savers, and the wider economy could benefit from the introduction of these schemes. We look forward to responding to this consultation.” Read the full story: https://lnkd.in/erfftKSt
We’re delighted that there’s now another way for defined benefit (DB) pension schemes to run more effectively, in addition to TPT’s DB Complete and DB Connect solutions. TPTIM’s specialised fiduciary management service is now available as a standalone solution, dedicated to delivering superior outcomes through access to sophisticated investment strategies, competitive pricing and expertise in sustainability.
Introducing fiduciary management from TPTIM. The aim of our new fiduciary management service is to deliver superior outcomes for defined benefit (DB) pension schemes. Our distinctive ownership model, ability to invest in a diverse range of asset classes, competitive pricing and expertise in sustainability means fiduciary management is not only sophisticated, but simplified for you. Find out more: https://lnkd.in/ejAG2q-5
DB Connect is a multi-trust solution that provides the benefits and efficiencies of consolidation whilst retaining the existing trustee board. Find out more: https://lnkd.in/euuV-qU2 #db #consolidation #definedbenefit
Following on from the success of our August initiative with FareShare Yorkshire, our latest ‘giving something back’ opportunity was a visit to Wakefield Hospice, where members of our Client Relations and Professional Services Teams helped to maintain outdoor areas for visitors to enjoy. This is the first department-level volunteering day we’ve organised, since our colleagues told us they wanted to do more to support local communities earlier this year. Our programme allows flexibility for teams to go together or for people to join up with colleagues in other departments. We’re delighted that the teams had a great day helping such a worthwhile cause. Thank you everyone. If you know an organisation or cause that needs help, please comment below or contact Amanda Parkinson to see if we could support you through volunteering. #volunteer #charity #wakefieldhospice
We thoroughly enjoyed our Bake Off-themed coffee morning, in aid of Macmillan Cancer Support, this week. Along with shop-bought treats, we gave our budding office bakers the chance to provide some delicious creations, and they didn’t disappoint! The team enjoyed a full range of bakes, from tiffins to biscuits, cinnamon rolls and a beautiful orange cake, with David Lane and Karen Parry taking the role of judges Paul and Pru. Congratulations to those whose bakes earned them a gift card of their choice and thank you to everyone at the Leeds office who baked and donated to raise £405. We’re pleased to say this amount has been matched by TPT to support this great cause #MacmillanCoffeeMorning. #Macmillan #fundraising #TeamWork
Almost one in three (32%) defined benefit (DB) pension scheme trustees have seen costs rise by over 50% in the past year, according to our latest research. In our survey of 100 trustees, many highlighted actuarial services, technology and data services, and covenant services as expenses that had increased the most. The survey also revealed that almost all (99%) trustees found the pace of new regulations a major challenge in the past year, with ESG-related regulations, such as TCFD reporting, named as the most challenging. Difficulty accessing different asset classes poses an additional challenge to almost a third (29%) of trustees, alongside pensions dashboard readiness (24%) and covenant negotiations (23%). Read the findings in full: https://lnkd.in/ehrzh3xB #db #pensions #endgame #consolidation
TPT provides a multi-trust solution that provides the benefits and efficiencies of consolidation whilst retaining the existing trustee board. Find out more: https://lnkd.in/euuV-qU2 #db #consolidation #definedbenefit
A great addition to the portfolio, designed by the team to provide defined benefit (DB) pension schemes with easy access to a wide range of investment strategies. To find out more about our fiduciary management service, provided by TPT Investment Management through our DB Complete and DB Connect solutions, please contact Jonathan Jackaman at Jonathan.jackaman@tpt.org.uk.
We’re delighted to have launched a new Private Credit Fund, now available to defined benefit (DB) occupational pension schemes through TPT Retirement Solutions’ DB Connect and DB Complete solutions. The fund, which is the third of seven to launch this year, has £650 million in assets, invested in a broad range of private investment opportunities across the credit market. Find out more: https://lnkd.in/g-C66cye