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DB Multi-Trust

What is DB Multi-Trust?

Using our experience and expertise in running schemes under a master trust structure, we created a DB Multi-Trust, allowing schemes to benefit from consolidation but retaining their trustee board should they wish.

Much like a master trust, DB Multi-Trust is a consolidation option that brings together defined benefit (DB) pension schemes from a number of unrelated employers under a single, professionally managed framework. Our integrated approach brings together fiduciary management, administration, covenant, actuarial, and payroll to streamline operations and reduce complexity.

The key difference between our DB Multi-Trust, compared to a master trust arrangement, is that your trustee board and legal advisers and structure remains in place. 

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

Why choose DB Multi-Trust?

  • You stay in control

    Your trustees retain strategic direction and your legal structure remains firmly in place, supported by us as a fully embedded partner working as an extension of your team to ease the operational burden.

  • Endgame ready

    DB Multi-Trust is built to adapt to your scheme’s individual journey, offering flexible support and sophisticated modelling - whether you’re planning to continue running your scheme or preparing for a smooth transition to superfund or a buy-out arrangement.

  • Scale and buying power

    Leveraging the scale of the fiduciary management service we provide can unlock access to investment options and pricing that many schemes may not be able to access by themselves.

    This consolidated approach can help reduce costs and broadens your reach to a more diverse range of asset classes and investment managers, enhancing your investment strategy towards your targeted endgame.

  • Professionally managed

    Our dedicated team partners with you to oversee the daily management of your scheme, ensuring a smooth onboarding process with minimal impact on your members.

    You’ll enjoy a clear fee structure for straightforward budgeting, while members benefit from excellent support through our multi-channel service approach and easy online access to their pension information.

Download the flyer

Explore all the details of DB Multi-Trust in our comprehensive flyer.

Download now

 

 

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.

Find out more
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.

    Access the report

  • 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. 

    Download the Mythbuster

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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