TPT Retirement Solutions (TPT) is preparing to bring its defined benefit (DB) run-on superfund to market after successfully completing The Pensions Regulator’s (TPR) assessment process.
The outcome allows TPT to progress towards its first transaction. The provider previously said it aims to launch its superfund with its first transaction in early 2027.
TPT has secured the capital required to fund the first £1bn (€1.2bn) to £1.5bn of transactions, which it expects to support several deals, subject to their scale, transaction approval and market conditions. It is also in discussions with a “growing number” of schemes interested in joining the superfund.
David Lane, chief executive officer at TPT Retirement Solutions, said: “This is a landmark moment for TPT and one of the most significant milestones in our history. Achieving a successful outcome through The Pensions Regulator’s assessment process enables us to bring an innovative new superfund to the market, expanding choice for trustees and sponsors.”
Nadeem Ladha, chair of TPT’s superfund trustee board and partner at Aretas Trustees, added: “Our focus now, as trustees, is on the future and, above all, on members. We look forward to...