TPT Investment Management launches £720m Investment Grade Bond Fund

• The fund provides UK schemes with access to a wide range of investment opportunities in the public investment grade bond universe

• This is the fifth of TPTIM’s seven planned fund launches – it will play an important role in TPTIM’s endgame solutions

• It is one of a series of collective investment vehicles, designed by TPTIM to provide pension schemes with easy access to a wide range of investment strategies

• Schemes can invest in the new fund through TPTIM’s new Fiduciary Management service

TPTIM’s new Investment Grade Bond Fund is invested in predominantly public investment grade bonds with a low probability of default over the long term. The fund will play an important role in TPTIM’s endgame solutions. It is the fifth in a series of seven planned launches of new collective investment vehicles. The vehicles are designed by TPTIM to provide pension schemes with easy access to a wide range of investment strategies. It will enable pension schemes joining TPT to immediately achieve scale benefits across asset classes by aggregating with the assets in the master trust. In this way, TPTIM will build on the successful model of scheme consolidation – pooling assets to deliver value and impact – to the benefit of pension schemes.

Access to the new fund is available through TPT’s new fiduciary management service, launched in October 2024. The service builds on the successful model of scheme consolidation for the benefit of defined benefit pension schemes. The service enables schemes to benefit from increased diversification, better value through economies of scale, high quality governance, and ongoing investment expertise.

Amar Jethwa, Portfolio Manager for the Investment Grade Bond Fund at TPT Investment Management, comments:  

"With the launch of the Investment Grade Bond Fund, TPTIM continues to deliver solutions tailored to the evolving needs of pension schemes. This fund represents a significant milestone in our endgame strategy, providing schemes with access to high-quality, low-default-risk bonds in a simple and scalable format. The launch of this fund highlights TPTIM's commitment to helping pension schemes achieve long-term security through expertly designed investment vehicles."

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 £9.6 billion of assets under management (as at 30 September 2023) and more than 450,000 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: Verity House, 6 Canal Wharf, Leeds, LS11 5BQ

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: Verity House, 6 Canal Wharf, Leeds LS11 5BQ

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: Verity House, 6 Canal Wharf, Leeds, LS11 5BQ.