TPTIM launches new £600m Global Equity Fund for DB members

The new Fund aims to address the evolving needs of pension schemes to find reliable, attractive returns amid a continually evolving regulatory backdrop and increasing global market dislocation. The Fund offers diversified access to global equities through a blend of specialist active managers and a low-carbon transition passive strategy, with a clear objective of delivering long-term outperformance of the MSCI All Country World Index.

The fund benefits from TPTIM’s scale to offer exposure to attractive risk premia that would otherwise be inaccessible and is the seventh fund to be launched by TPT to date. These new, collective investment vehicles have been designed by TPTIM to provide pension schemes with easy access to a wide range of investment strategies. They enable pension schemes joining TPT to immediately achieve scale benefits across asset classes, by aggregating with the assets in its own master trust.

Access to the new funds is available through TPT’s fiduciary management service, which aims to build on TPT’s successful model of consolidation. The service enables schemes to benefit from increased diversification, better value through economies of scale, high quality governance, and ongoing investment expertise.

Commenting on the launch of the fund, Peter Smith, Investment Director at TPT Investment Management, said:

"We’re delighted to introduce this new fund to help widen our offering at TPTIM.  It will help to further diversify TPT’s offering to members and schemes, while also continuing to expand our extensive suite of consolidation solutions. The new fund complements TPT’s existing collective investment vehicles, offering schemes access to scale, diversification, and the ability to build solutions targeted to their specific financial objectives and risk preferences.

Consolidation is at the heart of our offering at TPT, and this fund launch exemplifies our commitment to providing market leading products that put members first and provide schemes with access to the benefits of scale across DB, DC and CDC.

The fund launch follows the unveiling of our new DC proposition earlier this year, which gives members access to a straightforward, sustainable stream of income in retirement, alongside digital tools that will help individuals make pension choices more easily than ever.”

Commenting on the launch of the fund, Nic Ashworth, Investment Operations Director at TPT Investment Management, said:

“The TPT Global Equity Fund release completes our seventh fund launch, which along with our bespoke LDI funds can provide our clients with a tailored and diversified portfolio across a wide range of asset classes covering both public and private markets. All our funds are open-ended unitised structures which provide access to schemes of all sizes, and flexibility across product sets, end-game solutions and scheme strategies.“

Notes to Editors

TPT Retirement Solutions (TPT) is one of the UK’s leading providers of workplace pensions with over 75 years’ experience of managing defined benefit and defined contribution pension schemes. It has £11.1 billion of assets under management (as at 30 September 2024) and more than 470,000 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: Aire Park, 5th Floor, 3 South Brook Street, Leeds, 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: Aire Park, 5th Floor, 3 South Brook Street, Leeds, 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: Aire Park, 5th Floor, 3 South Brook Street, Leeds, LS10 1FT.