TPT Wealth introduces fresh fiduciary management service tailored for British pension funds
TPT Investment Management (TPTIM) has unveiled a new standalone fiduciary management offering, tailored to address the needs of UK pension schemes. The unique service aims to provide better value, enhanced investment opportunities, and improved outcomes for pension scheme members.
## Aligning Interests and Offering Scale
As a pension scheme-owned entity with no external shareholders, TPTIM's interests are fully aligned with its members and clients. This ownership model allows for the creation of a large internal market for assets, potentially enabling cost-free or transaction-fee asset exchanges.
The new offering provides access to a variety of collective investment vehicles, such as the Real Assets Fund, Secure Income Fund, Liquid Alternatives Fund, and Private Credit Fund. Additional funds are set to launch, offering further diversification. By pooling assets, schemes can achieve greater purchasing power, accessing investment opportunities previously out of reach for smaller individual plans.
## Cost Efficiency and Responsible Investing
TPTIM's fiduciary management solution is designed to remove challenges like high costs and operational complexity, making advanced investment strategies more accessible and cost-effective. The absence of external shareholders allows TPTIM to pass on savings to clients through lower fees.
Responsible investing and ESG principles are embedded into TPTIM's approach, advocating for strong environmental, social, and governance (ESG) action and climate-friendly policies.
## Tailored Solutions and Flexibility
DB Connect, a new addition to the offering, allows Defined Benefit pension schemes to retain their current structure and trustee board while accessing a full suite of fiduciary management, actuarial, covenant, administration, accounting, and secretarial services.
## Enhanced Investment Opportunities and Responsible Investing
Schemes gain access to a wide range of asset classes, including illiquid and hard-to-access private market investments such as infrastructure and private credit, which can improve risk-adjusted returns. The service is designed to deliver better outcomes for members, emphasising stewardship and value.
TPTIM's Head of Investment, Peter Smith, stated that the new offering provides trustees with access to a best-in-class pension scheme investment management capability. The service aims to bridge the gap in the market, particularly for medium-sized pension schemes, offering increased diversification, better value through economies of scale, enhanced governance, and ongoing investment expertise.
The service is supported by first-class customer service and new technology, including tools for managing client portfolios in line with risk budgets. TPTIM is responsible for managing £9.6bn in combined assets and attracts around £270m a year of new inflows.
With its unique ownership, focus on responsible investing, and ability to provide cost-effective, sophisticated investment solutions, TPTIM's fiduciary management offering stands out in the market. The service offers pension schemes an opportunity to invest as scale in private markets, providing value, operational simplicity, and the ability to access a range of investments not necessarily available to smaller, standalone schemes.
- TPTIM's new fiduciary management offering, designed for UK pension schemes, offers better value and enhanced investment opportunities by providing access to a variety of funds like Real Assets Fund, Secure Income Fund, Liquid Alternatives Fund, Private Credit Fund, and upcoming funds, which could offer further diversification.
- Aligning with ESG principles and climate-friendly policies, TPTIM's fiduciary management solution prioritizes responsible investing, allowing scheme members to invest in a wide range of asset classes, including illiquid and hard-to-access private market investments, such as infrastructure and private credit.
- TPTIM's unique offering, supported by new technology and first-class customer service, aims to bridge the gap in the market, particularly for medium-sized pension schemes, offering increased diversification, better value through economies of scale, enhanced governance, and ongoing investment expertise.
