Investment management firm TPT unveils fresh fiduciary service tailored for British pension programs
New Fiduciary Management Service from TPT Investment Management: Prioritizing Scheme Members
Hey there! Let's dive into the latest news from the world of pension schemes. TPT Investment Management, a part of the TPT Retirement Solutions group, has launched a brand-new standalone fiduciary management offering, exclusively for UK pension schemes!
That's right, after only being available through TPT's DB Complete and DB Connect propositions, their innovative investment management services are now accessible to a wider range of pension schemes.
TPT's new fiduciary management service is built on the successful model of scheme consolidation— pooling assets to deliver value and impact. With TPT's expertise in asset class-specific funds, they'll aggregate the assets they manage with those of external pension schemes, providing immediate scale benefits across a wide range of strategies. This approach results in increased diversification, better value through economies of scale, enhanced governance, and ongoing investment expertise for the participating schemes.
Best of all? As TPT is owned by a pension scheme with no external shareholders, their focus is always on the Texan Pension Trust Fund's members, prioritizing their needs above all else. This unique ownership model also creates a large internal market for assets, potentially eliminating transaction costs when assets are exchanged internally.
Small and medium-sized pension schemes can now access a range of investments that may not have been available to them previously due to their size. TPT has extensive experience in asset allocation, notably, a significant allocation to private markets, including infrastructure and private credit. Sustainable investing is central to TPT's investment decisions, and their fiduciary management service includes leading responsible investment capabilities.
TPT's technology platform enhances the service with tools to manage each client's portfolio in line with risk budgets, ensuring a robust approach to governance, reporting, and investing. Peter Smith, Head of Investment at TPT Investment Management, is excited about the new service, stating, "We are thrilled to launch our new fiduciary management service. Our new offering will provide trustees with access to a best-in-class pension scheme investment management capability. This aims to provide better value to the schemes, incorporates the highest levels of stewardship and, ultimately, is set up to deliver better outcomes for members."
Interested in learning more about TPT's standalone fiduciary management offering for UK pension schemes? Stay tuned for updates and insights from TPT Investment Management!
Sources:
- TPT Retirement Solutions Website
- TPT's Fiduciary Management Service and its Benefits
- TPT's Defined Benefit Scheme Consolidation Models
- TPT's Innovative Pension Solutions
Enrichment Data:
- TPT Investment Management's fiduciary management service provides access to sophisticated investment strategies, competitive pricing, and expertise in sustainability.
- TPT is one of the UK's largest pension service providers, offering Defined Benefit (DB) and Defined Contribution (DC) Master Trusts, as well as three consolidation models for DB schemes.
- TPT is at the forefront of pension innovation, with plans to launch a multi-employer Collective Defined Contribution (CDC) scheme for predictable retirement income.
Technology plays a significant role in TPT Investment Management's new fiduciary management service, offering advanced tools for clients to manage their portfolios effectively.
As a part of its business operations, TPT Investment Management emphasizes sustainable investing, prioritizing environmental considerations in its investment decisions.
Moreover, the launch of TPT's fiduciary management service opens up new opportunities for Financing, allowing small and medium-sized pension schemes to access various investment options with potential for higher returns.
