Following a competitive tender process, TPT Retirement Solutions, the Master Trust and multi-employer pension scheme, has today announced the appointment of Redington as its independent investment consultant to its DB and DC pension schemes.
TPT Retirement Solutions, is one of the UK’s leading providers of workplace pensions, managing more than £9 billion of assets for more than 290,000 members. Redington will be working closely with both TPT’s Investment Committee and its in-house investment management team, led by Chief Investment Officer Cliff Speed.
Cliff Speed, Chief Investment Officer, TPT Retirement Solutions said: “Redington’s values and investment beliefs are well aligned with our own. We believe that the strong intellectual foundations on which Redington’s strategic advisory services are built will support TPT’s ability to continue delivering a high-quality investment service for all of our schemes and the underlying members.”
Patrick O’Sullivan, Managing Director, at Redington said: “We are extremely delighted to have been appointed by TPT, given the organisation’s presence in the pensions industry and the quality and experience of its Trustees and in-house teams. TPT’s goal is to make membership worthwhile, and its principles and approach to delivering this particularly resonated with the way we approach our own work. Redington has its own mission to make 100m people financially secure, and playing our part in helping TPT’s 290,000 members will be another meaningful step towards that.”