TPT Retirement Solutions (TPT), the UK-based provider of defined benefit (DB) and defined contribution (DC) workplace pension funds, has appointed the board of trustees for its multi-employer collective defined contribution (CDC) scheme.
The all-female board will be chaired by Kim Nash, professional trustee and managing director of ZEDRA Governance. Nash will be joined on the board by Venetia Trayhurn, an independent trustee and partner at Falcon Trustees, and Alison Hatcher, professional trustee and head of trusteeship at Vidett.
Nash has been a professional trustee at ZEDRA for 13 years and managing director for the last three, after starting out as a qualified actuary. Nash has chaired several DC master trust boards and supported them through the authorisation process, as well as Independent Governance Committee (IGC) boards.
Trayhurn has spent the last nine years as a professional trustee and founded a new firm, Falcon Trustees, earlier this year. She is an accredited independent professional trustee with wide-ranging DB, CDC and DC experience, including as an IGC member.
Hatcher, meanwhile, has more than 20 years’ experience in financial services and holds positions on boards as both a trustee for DB and DC schemes. Hatcher stepped down as a non-executive director of The Pensions Regulator earlier in the year to help support market innovation and member value.
TPT said that this “diverse and experienced” board will provide the manager with “industry-leading guidance, bringing a demonstrable range of skills and a breadth of knowledge that will ensure the scheme is well governed and run in the best interests of its members”.
TPT was the first, and so far the only, provider to announce its intention to launch a CDC pension fund back in May. It plans to complete authorisation by the end of 2026.
Speaking to IPE last month, Andy O’Regan, chief client strategy officer at TPT, said the firm expects to deliver the CDC scheme in 2027, which aligns with the multi-employer CDC regulations that were laid in parliament earlier this month.
Nash said: “This is an important step forward for members and for the future of retirement provision in the UK.”
David Lane, chief executive officer of TPT Retirement Solutions, added that the new trustees’ experience will be “invaluable” as TPT builds “a robust, innovative model for collective pensions”.
“Together, we’re shaping a new era of retirement security, providing a full suite of options to cater for all types of schemes,” he added.
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