TPT‘s Trustee listed as signatory to UK Stewardship Code

TPT Retirement Solutions, one of the UK’s leading providers of workplace pensions with more than 450,000 members, today announces that its dedicated trustee board, Verity Trustees Limited (VTL) has been confirmed as a signatory to the FRC’s UK Stewardship Code 2020.

The UK Stewardship Code sets high standards for those investing money on behalf of UK pensioners. Stewardship is the responsible allocation, management and oversight of capital to create long-term value for clients and beneficiaries leading to sustainable benefits for the economy, the environment and society.

Fiduciary management services for both the Defined Benefit (DB) and Defined Contribution (DC) schemes are provided by TPT Investment Management (TPTIM). Both schemes are united under the UK Stewardship Code, through which TPT aims to act as a steward of the assets in which it invests, promote good ESG practices, and contribute to the healthy functioning of markets and economies.

Responsible investing takes a central role in TPT’s investment decisions ensuring the responsible allocation, management and oversight of capital to create long-term value for scheme members and sustainable benefits for the economy, the environment, and society. It focuses on how stewardship policies and processes have been applied throughout the reporting period to achieve the desired outcomes and meet the Code’s high standards. TPT is set to enhance its future stewardship commitments by improving its responsible investing reporting; investigating the interplay of climate and nature and defining a stewardship approach to nature; and continuing to deliver on the climate action plans and net zero commitments of its clients.

Commenting on the signing, Inês Cunha Pereira, Responsible Investment Manager at TPTIM, said:

“We are thrilled for our DB and DC schemes to be accepted as a signatory of the FRC’s Stewardship Code. It reflects the ever-improving strength of TPT’s responsible investment and stewardship action on behalf of our clients. It represents recognition of our efforts to be truly responsible investors, and we look forward to continuing this work. We believe in continuous improvement and understand that investing responsibly is an ongoing journey. We will continue growing and developing our capabilities and stewardship practice to deploy a direct and active role in engaging and collaborating with corporates, market participants and regulators to drive meaningful change.”