TPT Retirement Solutions has appointed Adam Tudor as its head of DC distribution.
In this role Tudor will be responsible for the development of TPT’s DC sales strategy as the company enters what it describes as “an ambitious period for its growth”.
Tudor joins from Smart Pension where he has worked for five years as head of business development. Smart, which has a digital master trust proposition, has seen considerable growth over this period.
TPT is launching new DC proposition in the second half of 2024 which aims to ease the process of retiring for members by simplifying the transition from accumulation to decumulation.
TPT says it will offer DC members access to a straightforward pathway that aims to provide a sustainable inflation-linked stream of income into retirement, removing the need for members to take complex decisions around retirement requiring advice. It says the offering will form part of a digital solution with tools to make retirement choices clear and easier to understand.
Prior to joining TPT, Tudor works as head of business development at Smart Pension, a position he held for over five years. He has also previously worked as a business development manager at both Now: Pensions and HSBC retirement services.
Tudor will report into Nicholas Clapp, TPT’s commercial director.
Clapp says: “[Tudor’s] experience across workplace pensions and with a range of stakeholders, including IFAs will be key in widening TPT’s reach and in attracting new DC schemes to our business.”
Tudor adds that he is looking forward to working with new and existing schemes and sponsors to meaningfully improve outcomes for both employers and employees. “TPT’s ambitious plans for growth present the perfect environment and challenge to further these goals. The upcoming DC offering willsimplify the decumulation process for members, providing a straightforward, low cost retirement solution.”