TPT Investment Management (TPTIM) has launched a new Global Equity Fund for UK pension schemes, available through TPT’s own Fiduciary Management service.
According to TPTIM, the new fund, which has been seeded with £600m of capital from TPT’s DB master trust, offers access to global equities through specialist active managers and a “low-carbon transition passive strategy”, to deliver “long-term outperformance of the MSCI All Country World Index.”
The fund is designed to give pension schemes easy access to diverse investment strategies. These collective vehicles allow new schemes to benefit immediately from scale by pooling assets with TPT’s master trust.
The service enables schemes to benefit from increased diversification, better value through economies of scale, high quality governance, and ongoing investment expertise.
TPT Investment Management investment director Peter Smith says: “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.”
TPT Investment Management investment operations director Nic Ashworth says: ““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.”
