DB Master Trust Solution

Running a defined benefit (DB) pension scheme is an ever-more complicated process, with a seemingly constant stream of new rules and regulations to adhere to. And, for many schemes, each new piece of legislation or updated regulation means new fees to be paid.

What if you could reduce running costs, whilst strengthening governance and improving quality?

The message from the Pensions Regulator is clear: if schemes are struggling to keep up with industry best practice, they should move members to a professionally managed arrangement. Consolidation is the key to future-proofing your DB strategy.

DB Complete is an award-winning Master Trust from TPT Retirement Solutions. We manage schemes for over 2,600 employers and 400,000 members. Employers have been trusting us with their pensions for over 75 years and with assets exceeding £14 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 you and our members.

Lower cost, less time, fewer worries


Speak to one of our expert consultants

How Joining TPT Works

1

Getting to know you

An initial meeting with one of our DB Master Trust experts to get to know more about you and your Scheme.

2

Understanding your long-term aims

We will use the information gathered to outline the different options available to you on funding and investment strategy, to understand your long-term aims for the Scheme, and to get your feedback on which works best for you.

3

How we can help

We will confirm how our DB Master Trust can improve your long-term pension strategy and help solve the pension problems which you have.

4

Deciding to Join TPT

Discussions on feasibility and benefits of joining TPT, including long-term Scheme strategy.

5

Scheme transfer to TPT

Upon a decision to join TPT, our experienced implementation team will project manage the transition from the current Scheme advisers and support the communication to members.

6

Working with you in the long-term

You will have a dedicated Client Relationship Manager, who is responsible for co-ordinating the service from TPT, including regular meetings, reporting on progress and strategy reviews.

Why TPT and a DB Master Trust?

Significant cost savings

DB Complete comprises all services needed for effective scheme management and can significantly reduce scheme-running costs, without compromising on quality. Our clients typically see fee savings – money that can instead be used to improve your funding position, or reinvested in your business.

Reduced management time

Between the day-to-day demands of running a business, managing the pensions of the past and looking to the future, finance directors have a lot on their plate. By moving to a fully managed DB pension solution, the time savings you achieve can be massive. Leaving you free to focus on your business priorities.

Experienced trustees and robust governance

Being a pension scheme trustee is no easy task. The levels of knowledge and standards of care required only ever increase. By moving to DB Complete, you benefit from our experienced trustee board and robust governance procedures; so all your pension worries and trustee succession-planning issues can fall away.

Sophisticated funding and investment strategies

Through DB Complete, you can access sophisticated funding and investment strategies that would normally only be available to larger schemes – giving you a smoother, more efficient journey to your end-game target. Crucially, each scheme is ring-fenced, with its own funding and investment strategy – and no exposure to other scheme’s liabilities. So you get all the benefits of consolidation, with no loss of control.

Award-winning administration

All of this is underpinned by our award-winning administration and comprehensive member services, with full online access and turnaround times for member requests such as benefit quotations and transfer values. We’re so confident in the service we provide that we have no lock-in periods or exit penalties – meaning your decision to move to TPT is completely reversible, unlike some consolidation solutions.

Scale and experience

TPT is one of the UK’s leading providers of workplace pensions. Although our services are constantly evolving, our mission has remained the same for over 75 years: making membership worthwhile. We currently look after over 400,000 members across the UK, with c.£14billion in assets under management. As a not-for-profit organisation, we have no shareholders or investors to satisfy, so any surplus we generate can be reinvested for the benefit of our clients and members.

Award-winning DB Master Trust Solution

Book Consultation

Enter your details and we will send you further information about the benefits of consolidating your DB Scheme into TPT’s DB Master Trust. If you are looking for member services, please click here.

TPT Retirement Solutions may contact you and may also send you marketing communications from time to time. You can unsubscribe whenever you wish. Please read our Privacy Policy to find out more.

What Our Clients Say

We have been really impressed with TPT. From the very beginning when they were hugely pro-active and engaged walking us through a very professional and well managed on-boarding process through to the quarterly updates we now get from them on scheme performance. They have brought a new level of knowledge and expertise to the management of our scheme assets as well as being able to support the company with other areas such as stress testing for regulatory documents. We’ve been able to significantly improve the management and position of our scheme with them and I’d highly recommend them

CFO

We moved our DB Pension Scheme to TPT in 2019 and have been delighted with both its investment performance and its administration. All staff are knowledgeable and professional, whilst being friendly and approachable – an enviable combination of skillsets. Having used several different pension administrators over the years, TPT is the best by far and I have no hesitation in recommending them to others. 

CEO

We consider ourselves a forward thinking organisation and TPT’s modern approach to running DB Schemes is a great fit with our own culture. The company has significantly reduced scheme running costs, strengthened governance and has allowed access to more sophisticated and diversified investments and importantly, ensures members will receive an even better service

FD

Transferring our pension scheme to TPT has been the best decision we could have made as Pension Trustees. From the start we were hugely impressed by their pedigree and knowledge - and their absolute commitment to work in partnership with ourselves. They've always made us feel as though we're a key and significant client. Most importantly they've delivered what they promised - in fact they've over delivered in technical terms

VC

Free Guide for Employers

Enter your details and we will send you further information about the benefits of consolidating your DB Scheme into TPT’s DB Master Trust. If you are looking for member services, please click here.

TPT Retirement Solutions may contact you and may also send you marketing communications from time to time. You can unsubscribe whenever you wish. Please read our Privacy Policy to find out more.