Key Takeaways
- • TPT Investment Management has appointed Peter Smith as Chief Investment Officer, with Smith joining the TPT Retirement Solutions Group Executive and reporting to CEO David Lane.
- • Smith, who joined TPT in October 2008, has spent 18 years developing the firm's fiduciary management operations and current fund management model.
- • TPT Retirement Solutions manages approximately £11.4 billion in assets as of September 30, 2025, and serves more than 490,000 members.
- • TPT has cleared regulatory assessment for its DB Superfund and continues working toward authorization for what it says would be the UK's first multi-employer collective defined contribution scheme.
- • Anna Troup will succeed Mike Balfour as independent Chair of TPT Investment Management, while Balfour completed his agreed term in September 2026.
Summary
TPT Investment Management has appointed Peter Smith as Chief Investment Officer as its parent, TPT Retirement Solutions, expands its pension offerings. Smith will also join the TPT Retirement Solutions Group Executive and report to Chief Executive Officer David Lane. The appointment follows regulatory progress for TPT's defined benefit Superfund, which has cleared regulatory assessment, and the firm continues to seek authorization to operate what it says would be the UK's first multi-employer collective defined contribution scheme. According to the company, the move reflects an effort to more closely integrate investment management with its broader business strategy.
Smith joined TPT in October 2008 and has spent 18 years developing its fiduciary management operations and current fund management model. More recently, he has held a central leadership role in building the investment management capabilities supporting the group's broader range of pension propositions. In a statement, Lane said Smith "has played an integral role in developing TPT's investment capability over the past 18 years, and his appointment reflects the continued importance of investment management to our wider strategy." Smith said that "investment management is central to the success of our new offerings."
Chris Dickens, Nic Ashworth, and James Robinson will continue providing executive coordination for TPT Investment Management alongside Smith. At board level, Mike Balfour completed his agreed term as Chair of TPT Investment Management in September 2026. Anna Troup will succeed him as independent Chair of TPTIM and will become a Non-Executive Director of the TPT Retirement Solutions Board. Nicholas Clapp will remain a member of the TPTIM Board.
TPT Retirement Solutions had approximately £11.4 billion in assets under management as of September 30, 2025, serves more than 490,000 members, and has roughly 80 years of experience managing defined benefit and defined contribution pension schemes.
Smith joined TPT in October 2008 and has spent 18 years developing its fiduciary management operations and current fund management model. More recently, he has held a central leadership role in building the investment management capabilities supporting the group's broader range of pension propositions. In a statement, Lane said Smith "has played an integral role in developing TPT's investment capability over the past 18 years, and his appointment reflects the continued importance of investment management to our wider strategy." Smith said that "investment management is central to the success of our new offerings."
Chris Dickens, Nic Ashworth, and James Robinson will continue providing executive coordination for TPT Investment Management alongside Smith. At board level, Mike Balfour completed his agreed term as Chair of TPT Investment Management in September 2026. Anna Troup will succeed him as independent Chair of TPTIM and will become a Non-Executive Director of the TPT Retirement Solutions Board. Nicholas Clapp will remain a member of the TPTIM Board.
TPT Retirement Solutions had approximately £11.4 billion in assets under management as of September 30, 2025, serves more than 490,000 members, and has roughly 80 years of experience managing defined benefit and defined contribution pension schemes.
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