Provider comparison
TPT Retirement vs Aviva
Side-by-side comparison from the PerkIQ directory. Cover, pricing, regulator status, and fit at a glance.
Category
Pension & Retirement
Pension & Retirement
Best for
50-50,000 employees
20-10,000+ employees
Pricing model
AMC varies by scheme size
0.4-0.75% AMC; some employer charges
UK presence
Since 1946
Since 2000 (as Aviva)
Regulator
TPR
FCA-authorised
Strapline
TPT Retirement Solutions runs a multi-employer master trust with strong focus on responsible investing and member outcomes. Particularly strong for mid-market schemes (250+ members).
Aviva is one of the UK's largest workplace pension providers, offering Group Personal Pension (GPP) schemes alongside group risk products. A strong choice for SMEs wanting a trusted brand and bundled benefits.
What's included
- DC master trust + DB administration. One provider for both defined-contribution master trust and ongoing defined-benefit scheme administration.
- Strong ESG investment options. Long-standing leadership in responsible investing, with multiple ESG-screened and impact funds.
- Professional trustee board. Independent trustee-led governance with experience across charities, public sector, and commercial schemes.
- Mid-market specialism. Scheme structures tuned for 250-50,000 member organisations rather than micro-business onboarding.
- Group Personal Pension (GPP). Auto-enrolment-ready workplace pension with default and self-select fund ranges, plus drawdown at retirement.
- Group Life Insurance. Death-in-service cover from 2x to 10x salary, often bundled at favourable rates alongside the pension scheme.
- Income protection. Replaces a portion of salary if an employee is unable to work due to illness or injury. Strong rehabilitation support.
- Bundled risk products. Single-supplier convenience across pension, life cover, income protection, and critical illness, with consolidated admin.
At a glance
- TPR authorised
- Not-for-profit
- Founded 1946
- Strong ESG focus
- Mid-market specialism
- Both DC master trust and DB administration
- FCA authorised & regulated
- FTSE 100 listed
- 16m UK customers
- 2m+ workplace pension members
- Bundled risk products available
- Broker channel preferred for SMEs
Pick the right one with data, not a sales pitch
Score your benefits stack with PerkIQ and you'll see which of these (or another provider entirely) closes the biggest gaps for your team.
Information on this page is editorial, gathered from public sources and the providers' own materials, and does not constitute financial advice or a recommendation. For a quote, contact each provider directly or speak to an FCA-authorised broker. PerkIQ is not a reseller and earns no commission on provider sign-ups.
