Investment firm TPT Venture Management unveils a fresh fiduciary management solution tailored for UK pension funds.
In a move aimed at addressing the specific challenges faced by UK pension schemes, TPT Investment Management (TPTIM) has introduced a standalone fiduciary management offering. This new service is designed to provide smaller pension schemes with access to a wide range of asset classes, operational simplification, and cost efficiency.
## Key Features
TPTIM's scale and unique ownership structure are the cornerstones of this new offering. As a pension scheme owned entity with no external shareholders, TPTIM can align its interests with those of its members, focusing on consolidation and cost savings.
TPTIM offers a variety of investment vehicles, including the Real Assets Fund, Secure Income Fund, Liquid Alternatives Fund, and Private Credit Fund. These funds have been seeded with substantial capital from TPT's DB Master Trust, providing immediate scale benefits across a wide range of strategies.
Responsible investing is at the heart of TPTIM's approach, with a strong commitment to Environmental, Social, and Governance (ESG) practices and climate-friendly policies.
## Key Benefits
The new service offers a number of significant benefits. By leveraging their scale, TPTIM can reduce costs for pension schemes, making sophisticated investment strategies more accessible while keeping fund structures simplified.
The model allows smaller pension schemes to tap into a broader set of investment opportunities that were previously inaccessible due to scale and cost barriers. This expanded access to investments can lead to increased diversification and better value through economies of scale.
Operational simplification is another key benefit. TPTIM's fiduciary management solution helps reduce operational complexity, allowing schemes to focus on strategic decision-making rather than day-to-day management.
The emphasis on responsible investing ensures that schemes' investments align with environmental and social goals, creating long-term value for both the scheme and its members.
TPTIM's technology platform includes tools for portfolio management in line with risk budgets, ensuring a robust approach to governance, reporting, and investing.
Peter Smith, Head of Investment at TPT Investment Management, stated that the new offering provides access to a best-in-class pension scheme investment management capability. The service is set up to deliver better outcomes for members, focusing on delivering good outcomes and providing value, operational simplicity, and the ability to invest as scale in private markets.
The TPT fiduciary management service aims to bridge the gap in the market, particularly for medium-sized pension schemes. TPTIM's ownership model creates a large internal market for assets, potentially allowing for assets to be exchanged internally with no costs or transaction fees.
TPTIM's existing in-house investment management function has 20 years of experience managing pension scheme assets, notably, a significant allocation to private markets including infrastructure and private credit.
This new offering from TPT Investment Management promises to provide UK pension schemes with a flexible and effective solution to the challenges of scale, cost, and operational complexity, while maintaining a focus on responsible investing and delivering good outcomes for members.
- TPTIM's new service, designed for smaller UK pension schemes, focuses on providing access to a wide range of asset classes, offering operational simplification, and ensuring cost efficiency.
- By Leveraging its scale and unique ownership structure, TPTIM aims to reduce costs for pension schemes, making sophisticated investment strategies more accessible while keeping fund structures simplified.
- Responsible investing is a key aspect of TPTIM's approach, with a strong commitment to Environmental, Social, and Governance (ESG) practices and climate-friendly policies.
- Peter Smith, Head of Investment at TPT Investment Management, stated that the new offering delivers a best-in-class pension scheme investment management capability, focusing on delivering good outcomes, providing value, operational simplicity, and the ability to invest as scale in private markets.
