Coventry Building Society, the UK’s second largest building society, transferred its £220m DB scheme, which has c.1,800 members including more than 600 pensioners, to TPT Retirement Solutions’ DB Master Trust.

Hinckley & Rugby Building Society has transferred it's £30m DB scheme into TPT’s DB Complete Master Trust arrangement, providing further evidence of the increasing momentum of DB consolidation through Master Trusts and underlining the benefits that the model brings to schemes.

Medicash, one of the UK’s oldest and largest healthcare cash plan providers, transferred its £20m DB scheme, which has c.174 members, to TPT Retirement Solutions DB Master Trust.

Our client Darlington Building Society is an independent regional building society that recently celebrated their 160th anniversary focusing on serving the local community. The Society has a Defined Benefit pension scheme, which is closed to the build-up of further benefits. Although closed, the Scheme and its governance is still an important issue for the Society, they felt there were clear advantages to transferring the Scheme to our DB Complete solution.

Our client Frank Roberts & Sons, is an independent family-owned bakery business based in Northwich. Frank Roberts had a defined benefit (DB) scheme with assets of £30 million and over 500 members. As well as looking for strong governance, quality member administration and sophisticated investment and funding solutions, the business wanted to appoint a provider with experience of working with responsible employers.