Hello and welcome to TPT’s second annual update for our DC pension scheme.
I am pleased to report that it has been another strong year with both membership and DC assets growing once more. Alongside this, TPT continues to evolve and enhance the service it provides to deliver the best possible outcomes for its 240,000 plus DC members.
2019 was a landmark year with TPT successfully being authorised by The Pensions Regulator as a DC Master Trust, further demonstrating our commitment to strong governance and to protecting members’ benefits.
This focus on members’ needs is at the heart of our unwavering mission to make membership worthwhile, and deepening our understanding of the needs of our members will continue apace over the next three years. A new, member-focused DC brand will be launched with a mix of digital communications. This will build on existing channels of communication to help members optimise their pension pots, better understand what they can expect from their savings at retirement and enable them to make more informed personal choices.
As Chair of TPT, my priority is looking after members wherever they are on their savings journey and to ensure that the best possible outcomes are delivered to our members. These goals remain the focus of myself and the Trustee Board as TPT continues to grow and develop its DC offering moving forward.
Joanna Matthews, Chair of the Trustee Board