How is a DB Master Trust different to a DB Multi-Trust?

A DB Master Trust allows schemes to consolidate into a single, sectionalised, professionally governed structure, operating under one trust and a consistent set of rules. Services provided include: actuarial, administration, investment, covenant, trusteeship and legal. Participating schemes benefit from TPT’s scale, established governance framework and investment oversight, helping to reduce complexity and improve efficiency.

By contrast, TPT’s DB Multi‑Trust enables schemes to achieve many of the same consolidation benefits while retaining their existing legal structure, legal advisers and, where desired, their existing trustee board.

For some schemes, both a DB Multi-Trust and DB Master Trust can also form part of a longer term journey toward future transactions, such as a buy-in / buy-out with an insurance company or a transfer to a superfund, depending on individual scheme circumstances and objectives.