Verity Trustees Limited

Verity Trustees Limited (VTL) is the trustee of the defined contribution (DC) master trust.

Being a part of the DC master trust means that:

• your scheme and the member benefits in it are overseen by members of the VTL Trustee Board;
• services that support the scheme, such as actuarial, covenant, and communications, are provided by us here at TPT.

Investment Oversight Committee

The Investment Oversight Committee oversees the performance of the Trustee’s delegated Fiduciary Investment Manager, TPT Investment Management Limited. 

Audit, Risk and Compliance Committee

The Committee addresses such matters as internal controls, compliance and the annual audit and the annual accounts of the Trusts.

Appeals & Discretions Committee

This Committee determines appeals to the Trustee at the second stage of the Internal Disputes Resolution Procedure and considers discretionary benefit payments.    

Remuneration & Appointments Committee

The Committee approves the total remuneration strategy for all Trustee Board and Committee members.

Funding Committee

The Committee makes scheme specific funding and investment decisions for TPT’s Defined Benefit (DB) pension schemes, and oversees the valuation process for all of the Trusts’ DB pension schemes. 

Member Services Committee 

The Committee oversees the services TPTRSL provides to members to provide input on the development of service enhancements and to agree on administration policy as required.