TPT Investment Management appoints Peter Smith as Chief Investment Officer

Peter will also become a member of the TPT Retirement Solutions (TPT RSL) Group Executive, in addition to joining the Board of TPT Investment Management. Peter will report into David Lane, Chief Executive Officer.

The appointment comes as TPT has successfully cleared regulatory assessment for its DB Superfund and is working towards authorisation as the UK’s first multi-employer CDC scheme. As the business broadens the range of solutions it provides, TPT recognises the importance of ensuring its approach to investment management is closely integrated with its wider business strategy. Peter’s new role will help ensure the business adequately supports the full breadth of clients.

Peter joined TPT in October 2008 and has played a key role in the development and growth of TPT’s fiduciary management unit. More recently, he has held a central leadership position in establishing its current model of fund management and developing the investment management capability which supports all of TPT’s propositions. Alongside Peter, Chris Dickens, Nic Ashworth and James Robinson will continue to provide executive co-ordination for TPTIM.

Mike Balfour, Chair of TPT Investment Management, has reached the end of his agreed term in September 2026. Anna Troup will succeed him as the new independent Chair of TPTIM and Non-Executive Director on the TPT RSL Board. Nicholas Clapp will remain a member of the TPTIM Board.

David Lane, Chief Executive Officer at TPT, said: 

“Peter has played an integral role in developing TPT’s investment capability over the past 18 years, and his appointment reflects the continued importance of investment management to our wider strategy. As we develop our Superfund and CDC propositions alongside our existing services, Peter and the team will ensure that investment expertise is embedded in strategic decision-making across the Group.

I would also like to thank Nicholas for his leadership of TPTIM over the past two years. He has played an important role in developing the business and its fiduciary management proposition.”

Peter Smith, Chief Investment Officer at TPTIM, said:      

“We have built a strong investment capability at TPTIM, and my focus will be on continuing to strengthen that platform and ensuring our investment approach supports the varying needs of clients across TPT’s propositions. Investment management is central to the success of our new offerings, and I am looking forward to working with colleagues across TPT to build on the progress we have made and help deliver strong, long-term outcomes for our clients.”

Notes to Editors

TPT Retirement Solutions (TPT) is one of the UK’s leading providers of workplace pensions with 80 years’ experience of managing defined benefit and defined contribution pension schemes. It has £11.4 billion of assets under management (as at 30 September 2025) and more than 490,000 members.

TPT’s mission is to make pension schemes perform better for everyone, from the sponsoring employers and trustees to the members who are saving for the future. It is an innovative, forward-thinking organisation, investing in technology to improve the services they provide. TPT is ultimately owned by a pension fund, providing genuine alignment of interests with those of its clients and scheme members.

Our ownership

TPT Retirement Solutions Limited is wholly owned by Verity Trustees Limited in its capacity as trustee of The Pensions Trust.

TPT Investment Management Limited is a wholly owned subsidiary of TPT Retirement Solutions Limited.

Group Services & Regulation

Verity Trustees Limited is the corporate trustee of The Pensions Trust and The Pensions Trust 2016. It is a company limited by guarantee and is regulated by The Pensions Regulator. Registered in England and Wales under company number 00744017. Registered office: 5th Floor 3 South Brook Street, Leeds, England, LS10 1FT.

TPT Retirement Solutions Limited provides pension management and administration services to UK pension schemes. Registered in England and Wales under company number 09639961. Registered office: 5th Floor 3 South Brook Street, Leeds, England, LS10 1FT.

TPT Investment Management Limited is authorised and regulated by the Financial Conduct Authority (FCA) and provides investment management and consultancy services to UK pension schemes. Registered in England and Wales under company number 14527587. Registered office: 5th Floor 3 South Brook Street, Leeds, England, LS10 1FT.