TPT Retirement Solutions has appointed Ian Maybury to its funding committee. Maybury joined in January as a co-opted expert for the committee.  

  

In his role at TPT, he will provide independent expert support and opinion on the funding and investment strategy for each of TPT’s defined benefit schemes. 

 

Maybury is an independent trustee and has previously worked for Royal London Insurance, CitiGroup, Redington and Schroders. He has served on pension scheme committees for British Airways, the Universities Superannuation Scheme, Unilever’s UK Pension Scheme, and Royal Mail’s Collective DC Pension Plan, and as an independent member of the trustee board for the John Lewis Partnership Pension Scheme since 2018.  

  

Maybury said: “I have seen first-hand the challenges pensions give to individuals and organisations, particularly in the charity and voluntary sector, and being able to be a part of an organisation helping to address those challenges is going to be very rewarding.” 

  

Jonathan Wheeler, senior director at TPT, said he was delighted about Maybury joining TPT.  

 

“Ian brings a wealth of experience and will support the committee in its decisions through his expert knowledge of the interaction of investment risk, sponsor covenant and recovery plans.” 

 

TPT has had a new chief executive, David Lane, since January this year. In December last year, it announced it aims to become a net zero investor by 2050. 

 

   

   

The provider is currently awaiting court proceedings and judgment on whether defined benefits were changed correctly over the course of more than 10 years. An adverse decision could put more than £233m of extra liabilities on the shoulders of about 1,500 employers, mainly housing groups and charities. 

 

   

On the DC side, TPT is working on a new whole of life product that aims to make retirement decisions easier for scheme members.