TPT superfund announcement adds 'momentum' to superfund market
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TPT has today announced its intention to launch a new Defined Benefit (DB) superfund designed to support run-on.
Laura Amin, Head of DB Consolidation at LCP, commented:
“This is a very significant announcement, widening the options for schemes and adding further momentum to the growth in the superfund market.
“This builds on the four Clara superfund transfers already completed to date, and with the formal DB superfund framework established in the Pensions Schemes Bill 2025, we expect these developments to fuel growth in the use of DB superfunds in the coming years.
“It’s encouraging to see the increased choice and flexibility for pension schemes with TPT’s model supporting long-term run on rather than acting as a bridge to buyout – and with the potential for surplus sharing with members after 5 years. We expect that we will see further new entrants come to market over the coming year, with further innovation in the models (including on the use of surplus), which will act as key differentiators for trustees.”
Richard Soldan, Head of the Not-for-Profit team at LCP,commented: “This is a really interesting development that will be particularly relevant to charities and other employers that already have schemes run by TPT – potentially offering a new option to help them settle their pension liabilities at a more manageable cost.”
LCP has launched a dedicated hub on pensions superfunds to help trustees and sponsors understand more about the rapidly evolving superfund market and whether a superfund transfer may be the right end game option for them.
