TPT Retirement Solutions has announced the launch of a range of new investment funds for its defined contribution (DC) members.

The additional self-select funds aim to provide members with greater choice of socially responsible investment strategies, such as low carbon transition and positive impact investing, as well as a range of strategies to align with varying risk appetites and financial goals.

The funds encompass a diverse range of asset classes, including equities, bonds and infrastructure.

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

The TPT Global Impact Bond Fund, meanwhile, 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.

Commenting on the launch of the new funds, TPT Retirement Solutions DC director, Philip Smith, said: "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.

"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.”

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