TPT Retirement Solutions has appointed Steve Collins as its new head of superfund to play a “key role” in helping bring the proposition to market.
The appointment comes as TPT aims to launch the UK’s first TPR-assessed superfund designed to run on.
Collins brings in more than two decades of experience in the pensions industry to TPT, having held a variety of roles across actuarial consulting, covenant and trusteeship.
He has held several senior positions at leading global firms, such as KPMG UK, Isio, Cardano, and Aon. He most recently served as a senior actuary at KPMG UK.
In his new role, Collins, who will report to Nicholas Clapp, TPT’s commercial director, will be responsible for building the pipeline of future transactions and working closely with the team to develop the superfund proposition.
TPT’s superfund will broaden the company’s range of endgame solutions available to both employers and trustees. With many pension funds experiencing improved funding levels over recent years, the superfund proposition represents a viable route for those schemes that still fall short of full funding on a buyout basis.
TPT’s planned superfund follows the announcement of its intention to develop a multi-employer Collective Defined Contribution (CDC) proposition, and the launch of its DC income-for-life proposition.
Clapp said the appointment comes at a “pivotal moment” as TPT prepares to launch the UK’s first run-on superfund later this year.
He said: “[Collins] extensive experience will be instrumental in creating a pipeline of opportunities and driving the superfund’s success.”
