TPT Retirement Solutions (TPT) has appointed the board of independent trustees for its recently announced defined benefit (DB) superfund.
The board will be chaired by Nadeem Ladha, partner and professional trustee at Aretas Trustees. He will be joined by Rekha Owen, professional trustee at Law Debenture, Huw Evans, director at BESTrustees and Kate Grant, trustee director at Capital Cranfield.
Ladha, an accredited trustee and actuary with over 20 years’ pensions experience, is a founding partner of Aretas Trustees. He previously held senior roles at Hymans Robertson, PwC and 20-20 Trustees (now Vidett).
Owen, an accredited professional trustee and CFA Charterholder at Law Debenture, has over 25 years’ investment industry experience. She previously spent nearly 20 years at Mercer, where she led the Alternative Investments business in Canada.
Evans is a trustee for seven pension schemes, chairing six and acting as sole trustee for two. He holds the PMI Award in Pensions Trusteeship for both DB and DC schemes and is an accredited member of the Association of Professional Pension Trustees.
Finally, Grant, an accredited professional trustee, has over 30 years’ experience in pensions and reward. She has held senior roles in several FTSE-listed companies and managed DB and DC schemes with assets from £200m to £6bn.
Ladha says: “I am very excited to be a part of TPT’s new superfund. I, along with the rest of the board, think there is a real opportunity here to do something that’s innovative and which ultimately holds the best interests of members at its heart.”
TPT Retirement Solutions chief commercial officer Nicholas Clapp says: “I have every faith that this newly appointed board, with its breadth of knowledge, expertise and independent thinking, will prioritise members’ interests and achieve the best possible outcomes for them. It’s important to have the board in place now as we move into TPR assessment. At TPT, we believe consolidation vehicles such as this provide better outcomes for members. They benefit from economies of scale and help to achieve better value for money, aligning with The Pension Regulator’s (TPR) ambitions for fewer, larger, well-run schemes.”