TPT Investment Management introduces a fresh fiduciary management service, tailored for UK retirement plans.
TPT Investment Management (TPTIM) has unveiled a new standalone fiduciary management service aimed at providing UK pension schemes with superior outcomes and broadened access to sophisticated investment strategies. This groundbreaking offering, underpinned by first-class customer service and advanced technology, seeks to bridge the gap in the market, particularly for medium-sized pension schemes.
The service, which builds on the successful model of scheme consolidation, emphasises sustainable investing, ensuring the responsible allocation, management, and oversight of capital to create long-term value for scheme members. TPT's distinctive ownership model, being owned by a pension scheme with no external shareholders, ensures a singular focus on delivering consolidation for pension schemes.
One of the key features of TPTIM's new offering is the access to diverse in-house funds. Pension schemes using TPTIM’s fiduciary management gain access to a range of collective investment vehicles including the Real Assets Fund, Secure Income Fund, Liquid Alternatives Fund, and Private Credit Fund. Additional funds are planned to launch, providing a broad spectrum of investment strategies tailored for pension schemes.
By aggregating assets with the £2.25 billion seeded from TPT’s DB Master Trust, schemes can immediately gain scale advantages. This enables access to asset classes that are often difficult or costly for smaller schemes to reach independently, such as infrastructure and private credit. The inclusive fund structure allows even smaller pension schemes to access complex, diversified strategies, democratising opportunities previously limited by cost and complexity barriers for smaller schemes.
The service is backed by decades of pension investing experience, reflecting TPT’s long-standing commitment to making pension schemes perform better through expert investment and risk management. TPTIM's investment management function has 20 years of experience managing pension scheme assets, a testament to their dedication and expertise in the field.
TPTIM's technology platform includes tools for managing portfolios in line with risk budgets and a robust approach to governance, reporting, and investing. The new service is designed to provide better value to pension schemes, incorporating the highest levels of stewardship.
Peter Smith, Head of Investment at TPT Investment Management, is excited about the launch of the new fiduciary management service. He stated, "Our new standalone fiduciary management offering is a game-changer for UK pension schemes. It combines alignment of interests, broad and scalable investment access, inclusivity for smaller schemes, and deep expertise, aiming to help pension schemes navigate complexity and achieve their funding and de-risking objectives effectively."
The ultimate goal of TPT's new fiduciary management service is to deliver better outcomes for members, attracting around £270m a year of new inflows and responsible for £9.6bn in combined assets. This new service is poised to revolutionise the UK pension landscape, providing trustees with access to a best-in-class pension scheme investment management capability.
[1] TPT Investment Management. (2021). TPT Investment Management Launches Standalone Fiduciary Management Offering for UK Pension Schemes. Retrieved from https://www.tptuk.org/news/tpt-investment-management-launches-standalone-fiduciary-management-offering-uk-pension-schemes [3] Pension PlayPen. (2021). TPT Investment Management launches standalone fiduciary management offering. Retrieved from https://www.pensionplaypen.com/2021/03/tpt-investment-management-launches-standalone-fiduciary-management-offering/
- The new standalone fiduciary management service by TPT Investment Management (TPTIM) focuses on environmental, social, and governance (ESG) considerations, ensuring responsible allocation, management, and oversight of capital to create long-term value for scheme members.
- TPTIM's technology platform incorporates the latest financial and investment tools, facilitating access to diverse in-house funds such as the Real Assets Fund, Secure Income Fund, Liquid Alternatives Fund, and Private Credit Fund, among others. This enables pension schemes to access a broad spectrum of investment strategies tailored for their needs.
- In addition to the innovative technology and investment strategies, TPT Investment Management's 20-year experience in pension investing and risk management aims to provide UK pension schemes with superior outcomes and broadened access to sophisticated investment strategies, ultimately leading to better financial performance and member benefits.
