TPT hires new Head of DC Distribution

TPT Retirement Solutions, one of the UK’s leading providers of workplace pensions schemes with more than 450,000 members, is today pleased to announce the appointment of Adam Tudor as Head of Defined Contribution (DC) Distribution.

In his new role, Adam will be responsible for the development of TPT’s DC sales strategy. As TPT enters an ambitious period for its growth, and its aspirations as a consolidator, the DC offering is a critical solution. Adam will enable TPT to become a leading provider of DC workplace pensions and a reliable consolidator for DC own trust schemes.

Adam’s appointment comes at an exciting time for TPT, as he will play a key role in the launch of TPT’s new DC proposition, set to take place in the second half of 2024.

The proposition will ease the process of retiring for members by simplifying the transition from accumulation to decumulation. TPT will offer DC members access to a straightforward pathway that aims to provide a sustainable inflation-linked stream of income into retirement. It will be based on the principles of simplicity, low cost, and remove the need for members to have to take complex, advised decisions. The offering will form part of a digital solution with tools to make retirement choices clear and easier to understand.

Adam has extensive experience across both pensions and financial services, and his expertise is a key asset for TPT’s plans for innovation. Prior to joining TPT, Adam served most recently as Head of Business Development at Smart Pension, a position he held for over five years. He was also business development manager at NOW, and business development manager at HSBC retirement services.  Adam will report into Nicholas Clapp, Commercial Director.

Nicholas Clapp, Commercial Director, TPT Retirement Solutions, comments:

"We are pleased to welcome Adam to our DC Distribution team. His experience across workplace pensions and with a range of stakeholders, including IFAs will be key in widening TPT’s reach and in attracting new DC schemes to our business."

Adam Tudor,  Head of DC Distribution at TPT, notes: 

"I am excited to engage with new and existing schemes and sponsors to meaningfully improve outcomes for both employers and employees alike. TPT’s ambitious plans for growth present the perfect environment and challenge to further these goals. The upcoming DC offering will be unique and simplify the decumulation process for members, providing a straightforward, low cost retirement solution."