TPT launches seven extra self-select funds for DC master trust members

Selection includes two impact funds and global infrastructure offering

Jonathan Stapleton
clock • 2 min read
Philip Smith: Expanded range of investment options enables members to tailor their pension investments

Philip Smith: Expanded range of investment options enables members to tailor their pension investments

TPT Retirement Solutions is launching a range of seven additional self-select investment funds for its defined contribution (DC) members.

The master trust provider said the self-select funds would provide members with greater choice of socially responsible investment strategies, such as low carbon transition and positive impact investing.

It said the new funds would also provide members with a range of strategies to align with varying investment beliefs, risk appetites and financial goals - encompassing a range of asset classes, including equities, bonds and infrastructure.

The seven funds include the TPT UK Equity Fund, the TPT Emerging Markets Equity Fund, the TPT Global Corporate Bond Fund, the TPT Low Carbon Transition Global Equity Fund and the TPT Global Infrastructure Fund.

Additional funds include two impact funds - the TPT Global Impact Bond Fund and the TPT Global Impact Equity Fund.

The TPT Global Impact Equity Fund focuses on four themes including social inclusion and education, environment and resource needs, healthcare and quality of life, and financial inclusion. It invests in global companies with the aim of delivering positive change across the four investment themes.

The TPT Global Impact Bond Fund seeks to invest primarily in debt issued by companies whose products and services address specific environmental and social challenges, including improving access to basic life essentials, reducing inequality and mitigating the effects of climate change.

TPT Retirement Solutions DC director Philip Smith said: "We are thrilled to introduce these new funds to our DC master trust offering. As we understand that every individual's retirement journey is unique, our expanded range of investment options to enable members to tailor their pension investments according to their social and environmental beliefs, specific financial objectives and risk preferences.

He said: "The launch of the new funds demonstrates the ability of master trusts to offer greater diversification and innovation to scheme members. Not only will the allocation towards impact investment be beneficial to members, but it can also fund projects that improve communities and the environment."

The launch of an expanded self-select fund range comes after TPT Retirement Solutions announced a restructure in June following strategic review.

As part of the restructure, TPT said it wanted to move to targeting DC schemes that wanted to move from own trust to master trust - hoping to launch a DC master trust offering aimed at this segment of the market by early next year.

More on Defined Contribution

Life expectancy changes could mean future retirees will face inadequate incomes

PPI research finds DC savers at risk of inadequate retirement

2023 Future Book finds longer life expectancy risks inadequate DC pensions for young savers

Jasmine Urquhart
clock 26 September 2023 • 3 min read
The case for greater engagement during decumulation

The case for greater engagement during decumulation

James Carter looks at providing value for money during retirement

James Carter
clock 25 September 2023 • 3 min read
Izat: Pensions dashboards have the potential to 'radically change' people’s ability to understand and manage their pension savings

Standard Life and Moneyhub set out plans for commercial pensions dashboard delivery

Deal will see dashboard ready to launch as soon as FCA approval process is in place

Jonathan Stapleton
clock 25 September 2023 • 3 min read