AI Issue 8 2017

70 Acquisition International - August 2017 TPT Retirement Solutions is an experienced provider of bundled high quality workplace pensions to more than 2,400 organisations and over 260,000 members with assets under management of around £9bn. The firm is a not-for-profit organisation, so they have no shareholders and are run purely for the benefit of their members. Recently we spoke to TPT Retirement Solutions’ Chief Executive Mike Ramsey about the work of the PT Retirement Solutions DB Complete product 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’ve 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.” Company: TPT Retirement Solutions Name: Billy Wheeler Email: [email protected] Web: www.tpt.org.uk Address: Verity House, 6 Canal Wharf, Leeds LS11 5BQ Phone: 0113 394 2686 Most Trusted DB Pension Provider 2017 T 1708AI37 Most Trusted DB Pension Provider 2017 In more detail, Mike explains the approach he takes to ensure the best possible 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. “We are very confident that there is a significant market amongst legacy DB pension schemes for our DB Complete product which is in-line with the Department for Work and Pensions thinking on consolidation.”