TPT Retirement Solutions, a leading £12 billion workplace pension scheme in the UK, has selected the Charles River Investment Management Solution (Charles River IMS) to manage their multi-asset pension portfolios on one platform. The investment team will use Charles River IMS and Charles River Investment Book of Record (IBOR) for portfolio construction and analysis, risk modelling, and scenario analysis to manage its 350,000 scheme members’ portfolios.
“The platform’s flexibility and scalability supports both our business growth plans and scheme specific investment strategies as it enables new pension schemes and asset classes to be managed,” said Cliff Speed, Chief Investment Officer, TPT Retirement Solutions. “Implementing the SaaS solution will automate our investment processes and enhance the services provided to sponsoring employers.”
“Master Trust occupational pension schemes, like TPT, use our portfolio management capabilities to access accurate investment data, which provides an enterprise view of exposures and holdings, de-risks decision making, and ensures member specific investment mandates are aligned,” said Gavin Lavelle, Managing Director EMEA, Charles River Development. “In addition, investment process automation and analytical tools also reduce both operational and portfolio risk and increase efficiency in the front and middle office.”
About Charles River, a State Street Company
Investment firms, asset owners, wealth managers, hedge funds and insurers in more than 30 countries rely on Charles River’s front and middle office investment management platform to manage more than US$29 Trillion in assets. Together with State Street’s middle and back office capabilities, Charles River’s cloud-deployed software technology forms the foundation of State Street Alpha℠. The Charles River Investment Management Solution (Charles River IMS) is designed to automate and simplify the institutional investment process across asset classes, from portfolio management and risk analytics through trading and post-trade settlement, with integrated compliance and managed data throughout. Charles River’s growing partner ecosystem enables clients to seamlessly access external data and analytics, applications and liquidity venues that support the unique demands of their product and asset class mix. Headquartered in Burlington, Massachusetts, we serve clients globally with more than 1,000 employees in 11 regional offices. (Statistics as of April 2020) For more information, please visit www.crd.com.
About TPT Retirement Solutions
Established in 1946, TPT Retirement Solutions is a leading consolidator for Defined Benefit (DB) pension schemes in the UK serving over 2,600 organisations and more than 350,000 members. The business is run as a not-for-profit organisation for the benefit of its members and has assets of more than £12 billion.
TPT Retirement Solutions offers a complete range of defined benefit and defined contribution pension solutions, providing all that is required to run a trust-based pension scheme, including: actuarial; administration; covenant; independent trustee; investment; and legal services.
Registered address: Verity House, 6 Canal Wharf, Leeds LS11 5BQ. For further information on TPT Retirement Solutions, please see www.tpt.org.uk
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world’s leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $33.52 trillion in assets under custody and/or administration and $3.05 trillion* in assets under management as of June 30, 2020, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 worldwide. For more information, visit State Street’s website at www.statestreet.com.
* Assets under management as of June 30, 2020 includes approximately $67 billion of assets with respect to which State Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and State Street Global Advisors are affiliated.
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