Regulation around funding Defined Benefit (DB) pension schemes has increased significantly in recent years, with an expectation that schemes now adopt an integrated risk management approach. As a result, DB schemes face additional burdens and costs, which are only likely to increase over time.
TPT Retirement Solutions can reduce this burden by consolidating a number of key scheme management services under one roof. With trustee, actuarial and investment management services delivered by our expert teams, client advisers are better supported and have a single point of contact to address any issues, such as de-risking and funding plans. In addition to this, we can help to reduce scheme running costs, which when combined with appropriate risk management, may reduce the deficit payment period.
Integrated risk management
TPT has developed an integrated risk management framework to help manage schemes, which in turn, helps employers to understand scheme-related risks. This framework looks at the strength of the employer, funding risks and the Scheme's investment strategy, to get an overall picture of the risks facing the Scheme. Using this approach schemes can be managed more effectively to help avoid any surprises, with a greater understanding of potential risk.
Our investment strategy
When it comes to investments, our award-winning Investment team will work with you and your client to develop a scheme specific investment strategy, including Liability Driven Investment (LDI) as standard to reduce the scheme's exposure to interest and inflation rate risk.
Asset allocation is tailored for each scheme, taking into account the risk appetite of the employer, the liability profile and the covenant strength. The scale of our assets under management (AUM: c. £13 billion) means that we have the purchasing power to negotiate very competitive fees, and provide access to a wide range of assets and a dynamic de-risking framework. The team has a wealth of experience in establishing, monitoring and governing award-winning strategies. Find out more about why we invest the way we do
Benefits of working with TPT
We work hard to ensure that the schemes we manage have lower risks, avoid cost surprises and provide the bespoke support our employers and their advisers need. By having in-house teams with expertise in a wide variety of areas, such as trusteeship, actuarial and investment services, we can provide a streamlined and consolidated solution for your client's scheme. Working with TPT, you'll remain instrumental in planning liability management exercises, whilst feeding into de-risking strategies and responding to triennial valuation proposals. We are here to add value and complement your day-to-day activity.
To find out how our comprehensive, full-service solution can help you and your clients, then contact us today.