TPT Investment Management (TPTIM) has been appointed by Dalriada Trustees Limited as fiduciary manager for Paradigm Housing’s defined benefit pension plan.
Dalriada Trustees joined TPTIM’s fiduciary platform last month under a Fiduciary Management Agreement with an external trustee.
Dalriada will access TPT’s DB Connect service, a multi-trust solution offering consolidation benefits alongside TPT’s Master Trust and standalone fiduciary management services.
DB Connect provides trustees with TPT’s fiduciary management, actuarial, covenant, administration, accounting, and secretarial services while maintaining their existing scheme structure and board. Trustees remain responsible for member benefits while using TPT’s services.
TPTIM manages over £7bn of DB assets across 66 schemes within TPT’s Master Trust. These assets are held in TPT collective investment funds with external managers, giving schemes access to a range of investments, tailored strategies and potentially lower management fees.
TPTIM client director Chris Dickins says: “We’re delighted to welcome Dalriada Trustees as our first DB Connect client. Our multi-trust is an innovative proposition that includes our proven investment expertise and which is underpinned by a strong service culture that stems from being owned by a pension fund. We are very much looking forward to working with Dalriada Trustees on achieving their objectives for Paradigm Housing’s pension plan.
Dalriada Trustees managing director Charles Ward says: “We’re happy to be using DB Connect to benefit the members of Paradigm Housing’s Defined Benefit Pension Plan. Dalriada is constantly looking for ways to improve service to our clients and members, and DB Connect’s approach allows us to deliver excellent service to the members we serve, maintain our responsibilities as Trustee, and manage costs for the Scheme.”
