TPT Investment Management (TPTIM) has launched a standalone fiduciary management offering for UK defined benefit (DB) pension schemes. The offering builds on TPT’s model of scheme consolidation and is provided by its in-house investment management function. The fiduciary management service will provide access to a range of investments, often not …
Read More »Dormant Assets Bill receives Royal Assent
The Dormant Assets Bill has received Royal Assent, meaning the government’s Dormant Assets Scheme has been expanded to cover additional assets from certain pensions and investments. The passage of the bill is expected to unlock up to £800m for use in charitable causes. Dormant assets held via vehicles including savings …
Read More »CTI receives backing from UK pension schemes
Ten of the largest pension schemes in the UK have written a joint letter announcing their support for the Cost Transparency Initiative (CTI). The schemes endorsing the strategy, which includes the Royal Mail Pension Plan, Nest and the Universities Superannuation Scheme, represent over 19 million members who have more than …
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