DB Master Trust

What is DB Master Trust?

DB Master Trust brings together defined benefit (DB) pension schemes from different, unrelated employers under one expertly managed umbrella.

Our integrated approach brings together fiduciary management, administration, covenant, actuarial, payroll, trusteeship and legal services to streamline operations, with the aim of creating time and cost efficiencies and reducing complexity.

Each employer’s scheme is ring fenced from other schemes within the Master Trust, safeguarding it from other scheme’s liabilities. Schemes are then able to benefit from the efficiencies and robust governance of a larger, consolidated arrangement.

By moving your scheme’s assets and responsibilities into DB Master Trust, you can hand over the day-to-day running to our team of specialists - freeing up resources to focus on other strategic areas.

80
years' pensions experience
£11.4bn
of assets under management (as at September 2025)
490,000
members across the UK

Why choose DB Master Trust?

  • Tailored journey planning

    DB Master Trust is designed to support your DB scheme’s pathway, providing flexible support and sophisticated modelling to support your journey, whether you are seeking a robust run-on option, or a seamless transition towards superfund or buy-out.

  • Scale and buying power

    Pooling schemes under one roof means access to investment opportunities and pricing that many schemes may not be able to access by themselves.

    Our consolidated approach aims to drive down costs and can open the door to a more diverse range of asset classes and managers, enhancing your investment strategy towards your targeted endgame.

  • Professionally managed

    Our specialist team works alongside you to manage your scheme’s day-to-day operations, ensuring a seamless experience from onboarding through to business as usual, with minimal disruption for your members.

    You’ll benefit from a single, transparent fee structure for predictable budgeting and reduced administrative burden.

    Members also enjoy high-quality support through our multi-channel approach to member service, including easy access to information and support with their benefits through DB Online.

Download the flyer

Dive into the detail of our DB Master Trust with our flyer.  

The transfer process was handled brilliantly and was a seamless transition from our members’ and employees’ perspective. The TPT team are proactive, responsive and helpful. We’re making valuable savings as a business, in both administration time and cost.

Laurence Jenkins

Finance Director, Reading Buses

 

 

Webinar

Watch: Demystifying Defined Benefit Pension Consolidation Pathways

Watch our recent webinar as we explore the growing range of consolidation options and help you make strategic decisions for your scheme.

Webinar: Demystifying Defined Benefit Pension Consolidation Pathways

DB Consolidation Guides

  • Choosing the right consolidation path

    To help navigate the evolving landscape of DB scheme management, we’ve created a new report to support your journey. It’s designed to help you explore the full range of options and support you to work out the most suitable route for your scheme.

  • Mythbuster

    Our Defined Benefit Consolidation Mythbuster draws out the most common misconceptions about consolidation to help you make informed decisions about the future of your scheme and the benefits it may bring to you and your members. 

Why choose TPT?

Our mission is to make pension schemes perform better for everyone, from trustees and employers to the members who have pension savings with us.

We're pension specialists

Pensions are all that we do. We understand them and have learned, over many years, what it takes to manage them effectively. Our teams know pensions inside and out, so you and your members don't have to, and we've invested time and money into developing the best possible systems and processes. 

We're owned by a pension fund

We're owned by a pension fund, which gives us a thorough understanding of the pensions landscape and its complex regulations. 

We keep things simple

TPT have the experience of working with traditional final salary schemes, through to more complicated arrangements. Our teams have the experience and confidence to understand your scheme and work with you to make it perform better for everyone. You'll always have an input into the running of your scheme, and we'll keep our discussions as clear and simple as you need them to be. With both DB Master Trust and DB Multi-Trust, your investment strategy will be aligned with an appropriate and flexible long-term target.  

We're responsible investors 

We provide cost-efficient investments for our employers and members, using an approach that's supported by market-leading investment strategies and a long-standing commitment to responsible investing.

It's not only the right way to work, but also an essential part of recognising financial risks and opportunities. We implement environmental, social and governance policies to secure the best outcomes, and actively engage in industry initiatives to help make a difference. 

We're future focused

We manage pension schemes based on knowledge and insight, so that they can achieve better outcomes now and in the future. For the things we can't always predict, like market turbulence or new legislation, we have a long track record of adapting and innovating. It's what makes us one of today's leading pension providers and helps us to futureproof your pension scheme. 

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