TPT Retirement Solutions (“TPT”), one of the UK’s leading pension providers has strengthened its leadership team as the growth in DC assets continues to accelerate.
TPT – who were awarded DC Master Trust authorisation last year - has seen its DC assets climb to £1.6 billion and DC membership more than double over the last 5 years to over 240,000.
Philip Smith joins as TPT’s DC Director to lead TPT’s DC business. Smith moves from PwC where he served most recently as Head of DC. Smith brings more than 30 years’ experience and previously held senior roles with Buck Consultants, Opus Holdings and Health Group plc.
He will be joined by Joy Mahon who moves from Aviva to become TPT’s new Head of DC. Mahon brings more than 15 years’ experience in pensions having previously helped the likes of Aon and Willis Towers Watson successfully develop their pension offerings.
Mike Ramsey, Chief Executive of TPT Retirement Solutions commented: We are delighted to welcome Philip and Joy to TPT as we continue to develop the DC proposition we provide employers and members. The DC arm of TPT is becoming an increasingly important part of the business and as a leading provider of workplace pension schemes, it is important we have an offering that is up there with the best in the industry. The appointment of Philip and Joy demonstrate TPT’s commitment to meet the needs of our members.
Philip Smith, Director of DC at TPT Retirement Solutions commented:
I am delighted to join TPT and look forward to working with Joy and the rest of the team to develop our DC schemes. With the significant growth in assets the DC industry will experience over the next decade, this is an exciting time to be joining the UK’s leading combined DB and DC Master Trust.