TPT appoints Andrew Sheavyn as new Business Development Manager

Reporting to Adam Tudor, Head of DC Distribution, Andrew will be responsible for delivering TPT’s new business growth, with a focus on its Defined Contribution (DC) and Collective Defined Contribution (CDC) offerings. As TPT undertakes an ambitious growth plan and builds out its full suite of consolidation options, the DC and CDC offerings will continue to form key parts of TPT’s strategy.

Andrew will play a key role in the implementation and growth of TPT’s new DC proposition, as well as the introduction of the UK’s first multi-employer CDC scheme. The new DC solution, launched earlier this year, is a first-of-its-kind, managed income-for-life proposition. It provides a simple, cost effective and easy-to-use alternative for members who do not want to make investment decisions, carry out complicated calculations or seek financial advice. The CDC scheme, which TPT announced an intention to launch earlier this year, aims to complete authorisation by the end of 2026. Andrew will play a major role in bringing this CDC proposition to the market.

Andrew brings with him more than a decade of valuable experience across the pensions industry. Previously to TPT, he spent seven years working at Smart Pensions - most recently as Business Development Director. Prior to this, he spent two years at Capita Employee Solutions as a consultant focused on DC distribution, having begun his career at Legal & General. 

Commenting on the appointment, Adam Tudor, Head of DC Distribution, said: 

“We are delighted to welcome Andrew to TPT. He brings with him a wealth of business development experience across the pensions industry. His background in DC distribution and consolidation solutions will be invaluable as we deliver on our ambitious growth strategy. With Andrew’s expertise, we are well placed to continue our innovation with our DC and CDC offerings, ensuring we continue to meet the evolving needs of our clients and members.”

Andrew Sheavyn, Business Development Director at TPT, said:   

“I’m delighted to be joining TPT at such an exciting time. The organisation is leading the way with innovative DC and CDC solutions, and market leading member experience. Joining an organisation passionate about delivering value to clients and most importantly their members and helping bring these propositions to life is something I’m very much looking forward to." 

Notes to Editors

TPT Retirement Solutions (TPT) is one of the UK’s leading providers of workplace pensions with over 75 years’ experience of managing defined benefit and defined contribution pension schemes. It has £11.1 billion of assets under management (as at 30 September 2024) and more than 470,000 members.

TPT’s mission is to make pension schemes perform better for everyone, from the sponsoring employers and trustees to the members who are saving for the future. It is an innovative, forward-thinking organisation, investing in technology to improve the services they provide. TPT is ultimately owned by a pension fund, providing genuine alignment of interests with those of its clients and scheme members.

Our ownership

TPT Retirement Solutions Limited is wholly owned by Verity Trustees Limited in its capacity as trustee of The Pensions Trust.

TPT Investment Management Limited is a wholly owned subsidiary of TPT Retirement Solutions Limited.

Group Services & Regulation

Verity Trustees Limited is the corporate trustee of The Pensions Trust and The Pensions Trust 2016. It is a company limited by guarantee and is regulated by The Pensions Regulator. Registered in England and Wales under company number 00744017. Registered office: Aire Park, 5th Floor, 3 South Brook Street, Leeds, LS10 1FT.

TPT Retirement Solutions Limited provides pension management and administration services to UK pension schemes. Registered in England and Wales under company number 09639961. Registered office: Aire Park, 5th Floor, 3 South Brook Street, Leeds, LS10 1FT.

TPT Investment Management Limited is authorised and regulated by the Financial Conduct Authority (FCA) and provides investment management and consultancy services to UK pension schemes. Registered in England and Wales under company number 14527587. Registered office: Aire Park, 5th Floor, 3 South Brook Street, Leeds, LS10 1FT.