Chair's statement regarding DC governance

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