Hinckley & Rugby Building Society Moves DB Scheme to TPTs DB Complete

6 May 2019

The Pensions Trust publishes on its website:

“TPT Retirement Solutions, a leading consolidator of Defined Benefit (DB) pension schemes, has today announced the successful transfer of the Hinckley & Rugby Building Society’s DB pension scheme.

The Society has transferred their scheme into TPT’s DB Complete Master Trust arrangement, providing further evidence of the increasing momentum of DB consolidation through Master Trusts and underlining the benefits that the model brings to schemes.

The closed £30m DB scheme has around 115 deferred members and 90 pensioners. The Scheme and its governance is an important issue for the Society, which wants to ensure that the Scheme remains well run for the benefit of its members.”

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