TPT Retirement Solutions Selects Charles River for Portfolio Management and Risk
July 28 2020 - 6:30AM
Business Wire
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.
© 2020 State Street Corporation - All Rights Reserved
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version on businesswire.com: https://www.businesswire.com/news/home/20200728005436/en/
Media: Helen Traverso, +44 (0) 7747 174620
helentraverso@crd.com TPT Retirement Solutions: Andrew
McLagan, +44 (0) 7817 998161
andrew.mclagan@smithfieldgroup.com
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