News in brief: 14 December

TPT Retirement Solutions has announced that its assets have exceeded £10bn, after enjoying a record year in 2018.

TPT chief executive, Mike Ramsey, described it as a “significant milestone” for TPT. “Scale is clearly important when it comes to driving down the costs of investment management and optimising investment strategies for our schemes. Increasingly employers are concerned about market volatility. By constructing portfolios with a variety of asset classes, including liability focussed and alternative investments, TPT can deliver attractive returns with lower volatility than traditional investment approaches.”

Salvus Master Trust is to launch a member app on both the IOS and Android platforms.

It said this will provide further engagement with members and allow them access to a wide range of digital functionality. Salvus master trust, national head of sales, Bill Finch, said: “To compliment the current member portal and our pension freedoms portal, Salvus Retirement Bridge, we feel that the time is now right to embrace further technology.” He added that “member education and access to information is key to good member outcomes, and by using the APP members will be able to transact transfers via Origo far more easily.”

Orgio’s Options Transfers service is marking its 10th year this month.

In the time, Options Transfers has securely and efficiently transferred over £160bn for millions of consumers and has close to 120 financial services companies using the service. It is also the only complete transfers service in the industry, enabling secure and speedy transfers of pensions, GIAs and ISAs. Commenting on the 10 year anniversary and the success of the Options Transfers service in the market, Origo managing director, Anthony Rafferty, said: “Origo was established in 1989 as a not-for-profit organisation with the remit to help the industry improve its efficiencies, cut its costs and improve the service to consumers.”

Brunel Pension Partnership has launched its Authorised Contractual Scheme (ACS), with its first sub-fund, for actively managed UK equities.

The Active UK Equity portfolio is worth c. £1.6bn. “We have appointed Invesco, Baillie Gifford and Aberdeen Standard Investments (ASI) to manage this sub-fund, within our ACS operated by FundRock,” Brunel chief investment officer, Mark Mansley said. “Our rigorous quantitative investment analysis revealed that these managers present the blend of complementary skills and methods that will best serve this sub-fund. Invesco is a systematic manager with excellent risk controls. Baillie Gifford and ASI are more conventional active managers able to add value over the medium to long-term, each through their own individual approach to stock selection.”

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