New independent investment consultant appointed to TPT Retirement Solutions

Master trust and multi-employer pension scheme TPT Retirement Solutions has appointed Redington as independent investment consultant to its DB and DC pension schemes.

TPT Retirement Solutions, which was formerly known as The Pensions Trust and which managing more than £9bn of assets for over 290,000 members, has appointed Redington to work with both its investment committee and its in-house investment management team, led by chief investment officer Cliff Speed.

Speed says: “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.”

Redington managing director Patrick O’Sullivan says: “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.”