TPT Retirement Solutions (TPT) has appointed an all-female trustee board to oversee its multi-employer collective defined contribution (CDC) scheme, which is set to be the first of its kind in the UK market.

TPT was the first provider to announce its intention to launch a multi-employer CDC scheme in May 2025, and it remains the only provider to have publicly confirmed such plans.

TPT intends to apply for authorisation in 2026, and also plans to develop single-employer CDC schemes for larger businesses seeking tailored solutions.

The new board will be chaired by ZEDRA Governance managing director and professional trustee, Kim Nash, who brings over 13 years’ experience in the role and a background as a qualified actuary.

Nash has chaired several defined contribution (DC) master trust boards through authorisation and served on independent governance committees (IGCs).

She will be joined by Falcon Trustees partner, Venetia Trayhurn, and Vidett head of trusteeship, Alison Hatcher.

Trayhurn, an accredited professional trustee with a background in pensions law and dispute resolution, recently founded Falcon Trustees and has also worked at the Financial Ombudsman.

Hatcher, who previously served as CEO of HSBC Retirement Services and as a non-executive director at The Pensions Regulator (TPR), has more than two decades of experience in financial services.

TPT said the trio would bring a “demonstrable range of skills and breadth of knowledge” to ensure strong governance as it develops its CDC proposition, with the board set to meet for the first time at TPT’s Leeds head office on 3-4 November.

Commenting on her appointment, Nash said she was “thrilled” to join the board of the UK’s first multi-employer CDC scheme, describing it as “an important step forward for members and for the future of retirement provision in the UK”.

TPT chief executive, David Lane, added that the new trustees’ “experience and insight will be invaluable” as the provider builds “a robust, innovative model for collective pensions”, helping to shape “a new era of retirement security” with a full suite of options for schemes and employers.

The appointments follow what industry figures have described as a “seminal moment” for collective pensions, after the government laid regulations for multi-employer CDC schemes in parliament earlier this month.

The new framework is designed to expand CDCs beyond single-employer arrangements and meet rising demand for more secure retirement income options.

The government has estimated that millions of people across the UK could see their pensions increase by up to 60 per cent under the new model.

However, experts have cautioned that success will depend on effective scheme design, fairness and clear communication.

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