Chair's statement regarding DC governance
Read about the progress we’ve made over the last scheme year in our annual DC Chair’s statement.
This is a snapshot of what we’ve been doing to help you save and prepare for a better retirement over the last pension scheme year*.
Our mission is to make pension schemes perform better for everyone. We want to give you the service, tools and experience you need to actively engage with your pension and make the most of your pension savings.
Our focus over the last year has been the delivery of our digital transformation project, and we’ve made significant strides towards a successful launch in mid-2025. The benefits to you will include a brand-new member portal and app, designed to make it much easier and more convenient to manage your pension. We’re also enhancing our member support and introducing new tools so that we can point you to relevant, personalised information at every stage of your pension savings journey.
Alongside the improvements we’re making to our digital services, we’ve been developing new ways to retire with TPT. This includes a first-of-its-kind ‘managed for life’ option to allow you to keep your pension savings invested with us when you retire, without needing to make investment decisions or carry out complex calculations. Our new retirement options and full details of how they work will be available from mid-2025.
You can read more highlights about the progress we've made over the last scheme year here, or get all the details in our full annual Chair’s Statement.
*1 October 2023 – 30 September 2024
Related news & insights
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Reviewing your contributions
It’s really important to keep a regular eye on your savings pot. Part of keeping track of how your savings are doing is checking how much you and your employer are paying into the Scheme each month and considering whether you are able to pay a little bit more. -
Reviewing your investment
The amount of money you and your employer pay into the Scheme is not the only way your savings pot can grow in value. Where your savings are invested, and how these investments perform, will have a big impact on how much you’re building up over time. -
Risk & Reward
Whether you’ve been automatically enrolled into the Scheme, or you joined by choice, it’s important to review your investment options regularly. -
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Having something to aim for helps you to plan and work out the steps you need to take to achieve your goals. This is true of both health and wealth – even your savings goals for when you want to stop working.