TPT deploys Moody’s PFaroe solution to support new CDC modelling capability

This has been delivered by new functionality within Moody’s suite of PFaroe software tools, which provide portfolio analytics and risk management capabilities for defined benefit (DB) pension plans, consultants, and investment managers.

The new functionality is among the first of its kind, designed specifically for CDC schemes. It builds on Moody’s widely used valuation system for DB schemes and is designed to support the distinct requirements of CDC schemes. As well as standard valuation modelling, the software includes forward-looking modelling to predict potential pension increases for members, which is expected to be critical for CDC schemes, both during the authorisation process and once operational. The tool’s ability to carry out asset liability modelling will provide important support to help CDC entrants come to market and manage their investment strategy once up and running.

The new solution also helps scheme operations and efficiency, as the system can be used by the schemes’ in-house actuaries and investment managers, as well as other external trustee advisers, including the Scheme Actuary.

The collaboration comes as TPT prepares to launch the UK’s first multi-employer CDC scheme, with the tool helping schemes meet some of the key requirements for regulatory authorisation. Pending regulatory authorisations, TPT will have six different consolidation vehicles, making it a clear industry leader and standout pioneer of pension solution development.

Paul Eagles, Head of CDC at TPT Retirement Solutions, said:    

“We are excited to partner with Moody’s to develop and deploy its new solution to help bring CDC pensions to the UK. As multi-employer CDC represents new territory for regulators, the industry and, most importantly, members, creating a robust scheme design is critical for the success of the scheme –modelling capabilities like this will play a vital role.” 

Simon Robinson, Senior Director – Product Manager at Moody’s said:     

“We are committed to delivering sophisticated risk management solutions across the UK pensions landscape and are pleased to develop PFaroe for CDC schemes. The flexibility of our software and ability to connect with our clients will be important in meeting the evolving needs of CDC as it grows in the UK.” 

Notes to Editors

TPT Retirement Solutions (TPT) is one of the UK’s leading providers of workplace pensions with 80 years’ experience of managing defined benefit and defined contribution pension schemes. It has £11.4 billion of assets under management (as at 30 September 2025) and more than 490,000 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.