TPT hires new Head of Superfund

The appointment comes as TPT aims to launch the UK’s first TPR-assessed superfund designed to run on.

Reporting into Nicholas Clapp, TPT’s Commercial Director, Steve will play a key role in helping bring the proposition to market. He will be responsible for building out the pipeline of future transactions, and work closely with the team to evolve and develop the proposition. 

Steve brings more than two decades of experience in the pensions industry to TPT, having held a variety of roles across actuarial consulting, covenant and trusteeship. He has held several senior positions at leading global firms, such as KPMG UK, Isio, Cardano, and Aon. He most recently served as a Senior Actuary at KPMG UK. 

TPT’s superfund proposition, which is designed to run on, will broaden the company’s range of endgame solutions available to both employers and trustees. With many schemes experiencing improved funding levels over recent years, the superfund proposition represents a viable route for those schemes that still fall short of full funding on a buyout basis. 

TPT’s planned superfund follows the announcement of its intention to develop a multi-employer Collective Defined Contribution (CDC) proposition, and the launch of its DC income-for-life proposition. Pending regulatory authorisations, TPT will have six different consolidation vehicles, making it a clear industry leader and standout pioneer of pension solution development.

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

“We’re delighted to welcome Steve at a pivotal moment as we prepare to launch the UK’s first run-on superfund later this year. His extensive experience will be instrumental in creating a pipeline of opportunities and driving the superfund’s success.”

Steve Collins, Head of Superfund at TPT, comments:    

“I’m incredibly excited to be joining TPT. TPT are exceptionally well placed to support superfund transactions. We offer established capabilities, remarkable scale, an 80-year track record of delivering pensions and an unwavering focus on members. I’m looking forward to supporting trustees, companies and advisors as we work together to deliver secure and valuable pensions for members.”

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.