TPT appoints trustee board for new multi-employer CDC scheme

The all-female board will be chaired by Kim Nash, professional trustee and managing director of ZEDRA Governance. Nash will be joined on the board by Venetia Trayhurn, an independent trustee and partner at Falcon Trustees, and Alison Hatcher, professional trustee and head of trusteeship at Vidett.

Kim Nash has been a professional Trustee at ZEDRA Governance for 13 years and Managing Director for the last three years after starting out as a qualified actuary. She acts as an independent trustee on a range of clients, including Defined Benefit (DB), Defined Contribution (DC) and hybrid schemes. Nash has also chaired several DC Master Trust boards and supported them through the authorisation process, as well as Independent Governance Committee (IGC) boards.  

Venetia Trayhurn has spent the last 9 years as a professional trustee and founded a new firm, Falcon Trustees, earlier this year. She has a legal background, specialising in pensions law and dispute resolution, and prior to becoming a professional trustee she spent her career in private practice at a leading firm, as inhouse counsel and latterly three years at the Financial Ombudsman. Trayhurn is an accredited independent professional trustee with wide-ranging DB, CDC and DC experience, including as an IGC member.

Alison Hatcher is a professional Trustee at Vidett and has more than 20 years' experience in financial services and holds positions on boards as both a trustee for DB and DC schemes, as well as on a Housing Association and the Council of Warwick University. For more than 13 years, Hatcher worked at HSBC eventually becoming the CEO of HSBC Retirement Services Limited.  She developed and implemented their strategy for the creation of a digital wealth platform and took their Master Trust through authorisation. Hatcher stepped down as a non-executive director of The Pensions Regulator earlier in the year to help support market innovation and member value.

This diverse and experienced board will provide TPT’s first-of-its-kind, multi-employer CDC scheme with industry-leading guidance, bringing a demonstrable range of skills and a breadth of knowledge that will ensure the scheme is well governed and run in the best interests of its members.

The CDC Trustee Board will meet at TPT’s Leeds Head Office on 3-4 November 2025.

TPT was the first provider to declare its intention to enter the multi-employer CDC pensions market, in May 2025 – it remains the only provider to announce such a move. TPT is currently designing the scheme, with plans to apply for authorisation in 2026.

This new CDC offering will complement and leverage TPT’s existing scale in its DC and DB arrangements, resulting in an extensive range of pension scheme options for its clients. 

Kim Nash, Chair of TPT’s CDC Trustee board, said: 

“I’m thrilled to join the board of the UK’s first multi-employer CDC scheme, working with fellow boards members and TPT to complete authorisation and helping to pioneer a new model for secure, sustainable pensions. This is an important step forward for members and for the future of retirement provision in the UK.”

David Lane, CEO at TPT Retirement Solutions, said: 

“We’re delighted to welcome our three new trustees to the board of the UK’s first multi-employer CDC scheme. Their experience and insight will be invaluable as we build a robust, innovative model for collective pensions. Together, we’re shaping a new era of retirement security, providing a full suite of options to cater for all types of scheme.”

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: 5th Floor 3 South Brook Street, Leeds, England, 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: 5th Floor 3 South Brook Street, Leeds, England, 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: 5th Floor 3 South Brook Street, Leeds, England, LS10 1FT.