Investment firm TPT Management introduces a fresh fiduciary management service, tailored for UK pension plans.
**TPT Investment Management Launches Standalone Fiduciary Management for UK Pension Schemes**
TPT Investment Management (TPTIM) has entered the market with a new standalone fiduciary management offering, designed to provide better value and outcomes for UK defined benefit (DB) pension schemes. The service, backed by first-class customer service, aims to bridge the gap in the market, particularly for medium-sized pension schemes.
The unique value proposition of TPTIM lies in its ability to offer smaller schemes cost-effective, broad access to private market investments. TPTIM's fund structure aggregates assets from its large Master Trust, allowing schemes to invest in a range of private market assets such as infrastructure, private credit, and other illiquid assets that would otherwise be prohibitively expensive or complex to access independently.
TPTIM's ownership model sets it apart, as it is wholly owned by a pension scheme, ensuring a singular focus on delivering consolidation for pension schemes. This model reinforces alignment between TPTIM’s interests and those of its client schemes.
TPT has collaborated with MSCI to develop a risk management tool that provides a holistic, integrated view of asset and liability risk, particularly important for DB schemes with long-term horizons. The analytics are both granular and customizable, allowing schemes to adapt investment goals in line with realistic, detailed portfolio outlooks. Critically, TPTIM’s approach includes robust quantification of the impacts of climate and sustainability factors on investments, supporting responsible investing practices that are increasingly important for pension schemes.
The standalone fiduciary management service is designed to improve efficiency, increase accountability, and reduce costs for sponsoring employers. TPT manages 69 schemes for over 2,400 employers and 470,000 members as of September 2024, which allows for operational efficiencies and cost savings that can be passed on to clients.
In comparison to typical fiduciary managers, TPTIM offers broader access to private markets, a more aligned ownership model, more granular and integrated risk analytics, and immediate scale benefits via existing large-scale funds. The cost structure is also designed to reduce costs for clients.
TPTIM's new offering provides trustees with access to a best-in-class pension scheme investment management capability. With £9.6bn in combined assets and attracting around £270m a year of new inflows, TPTIM has a strong track record and the expertise to deliver better outcomes for members. The service focuses on delivering good outcomes for clients, making it a compelling choice for UK defined benefit pension schemes seeking to navigate the complexities and opportunities of private markets and sustainable investing in a cost-efficient manner.
- TPT Investment Management's novel standalone fiduciary management service, designed for UK pension schemes, offers a broad access to private market investments, such as infrastructure, private credit, and other illiquid assets, which were previously prohibitively expensive or complex to access independently.
- In the realm of finance and investing, TPTIM's collaboration with MSCI has resulted in a risk management tool that provides a comprehensive, integrated view of asset and liability risk, with a particular emphasis on climate and sustainability factors, supporting responsible investing practices that are increasingly important for pension schemes.
- As TPT manages numerous schemes for a large number of employers, their new offering promises efficiency, accountability, and reduced costs for sponsoring employers, all while maintaining a strong track record and expertise in delivering better outcomes for pension scheme members, particularly in the environment of sustainable investing and private market opportunities.
