AI Fund Awards 2018

Acquisition International - 2018 International Fund Awards 23 IF180004 Best DB Pension Provider – UK TPT Retirement Solutions Established in 1946, TPT is a not-for-profit, so have no shareholders and are run purely for the benefit of its members. The firm’s flagship product, DB Complete reduces the amount of time and money a client needs to spend running their defined benefit (DB) legacy pension scheme, whilst maintaining a high level of professional governance under their DB Master Trust arrangement. Mike explains how this solution provides all the services required to run such a scheme successfully. “As DB specialists, we have been keeping pensions simple, accessible and easy to understand for over 70 years. Our combined size and strength with more than £9 billion worth of assets enable the schemes within TPT Retirement Solutions to benefit from our economies of scale. Our research indicates that we can typically save at least 30% on the total costs of running a DB scheme, and the size of TPT means that we can provide innovative and cost-effective solutions for those who face a challenge with their legacy DB pension arrangements. TPT Retirement Solutions access institutional funds at wholesale prices, with cutting edge investments and strategies.” Working in such a vital sector, TPT has to ensure that it offers both strong returns and an exceptional approach to risk which safeguards its clients’ money and futures. As such, Mike explains the approach he takes to ensure the best possible returns for investors. “To create strong returns for investors we offer two investments options within DB Complete. The first is our Dynamic Portfolio, for those wanting a more sophisticated and diversified investment approach. This portfolio provides access to a wide range of assets, including alternative growth assets, which helps reduce volatility risk. The second, our Simplified Portfolio provides a low cost, mainly passive, index-tracking investment approach. Both options also provide access to LDI solutions, within the matching assets, which control interest and inflation rate risk.” Looking ahead, TPT Retirement Solutions shows no sign of slowing down, instead taking pride in the accomplishments they have made to date and planning for the future in order to continue their success. “Overall, at TPT we are very confident that there is a significant market amongst legacy DB pension schemes for our DB Complete product; since launch, DB Complete has already secured several new schemes, and TPT is currently in advanced talks with other schemes.” TPT Retirement Solutions is an experienced provider of bundled high quality workplace pensions to more than 2,500 organisations and almost 300,000 members with assets under management of over £9bn. We spoke to TPT Retirement Solutions’ Chief Executive Mike Ramsey, who talks us through the innovative solutions that the company offers to its valued clients. Company: TPT Retirement Solutions Name: Billy Wheeler Address: Verity House, 6 Canal Wharf, Leeds LS11 5BQ Telephone: 0113 394 2713 Web: www.tpt.org.uk “As DB specialists, we have been keeping pensions simple, accessible and easy to understand for over 70 years. Our combined size and strength with more than £9 billion worth of assets enable the schemes within TPT Retirement Solutions to benefit from our economies of scale.” TPT Retirement Solutions