TPT Retirement Solutions has named a trio of professional trustees to oversee the establishment of its collective defined contribution (CDC) pension scheme, which it announced earlier this year.
Zedra’s Kim Nash will chair the CDC scheme’s trustee board, alongside Vidett’s Alison Hatcher and Falcon Trustees’ Venetia Trayhurn.
They will meet for the first time to discuss the new pension scheme on 3 and 4 November in TPT’s head office in Leeds.
In May, TPT announced that it planned to launch a multi-employer CDC pension scheme, becoming the first provider to do so. The only private sector CDC scheme currently in operation is run by Royal Mail and was launched a year ago.
The Church of England Pension Board has also previously expressed an interest in developing a CDC model.
The appointments come just a week after the government introduced legislation into parliament that paves the way for multi-employer CDC arrangements.
TPT’s CDC trustees
Kim Nash said: “I’m thrilled to join the board of the UK’s first multi-employer CDC scheme, working with fellow board members and TPT to complete authorisation, and helping to pioneer a new model for secure, sustainable pensions. This is an important step forward for members and for the future of retirement provision in the UK.”
“This is an important step forward for members and for the future of retirement provision in the UK.”
Kim Nash, Zedra
TPT said it intended to seek full authorisation for the CDC scheme next year.
David Lane, chief executive officer at TPT Retirement Solutions, said the three new trustees’ combined experience “will be invaluable as we build a robust, innovative model for collective pensions”.
Nash has worked at Zedra Governance for 13 years, and has been a managing director for the past three years, She has worked with defined benefit, defined contribution and hybrid schemes, as well as chairing master trusts through regulatory authorisation processes.
Venetia Trayhurn is currently chair of Royal Mail’s CDC pension scheme, a role she has held since its launch last year. She co-founded Falcon Trustees earlier this year with colleagues Vicky Paramour and Mike Jaffe, and was previously at Law Debenture, where she worked for nearly nine years. Trayhurn has worked as an in-house pensions lawyer at Lloyds Banking Group, as well as for three years at the Financial Ombudsman.
Alison Hatcher is head of trusteeship at Vidett, having joined earlier this year after three years as a non-executive director at the Pensions Regulator. Until 2023, Hatcher worked at HSBC for more than 13 years, latterly as chief executive of HSBC Retirement Services.
