TPT Retirement Solutions, Leeds, England, hired Redington as investment consultant for its defined benefit and defined contribution plans, said a spokeswoman for the multiemployer plan provider.
Redington will work closely with both the plans' investment committee and its in-house investment management team. TPT has £9.4 billion ($12.4 billion) in assets in its plans, with about 10% in DC.
The plan, formerly known as The Pensions Trust, ran a procurement process over the summer. Mercer was the incumbent and was invited to rebid, added the spokeswoman.
"We believe that the strong intellectual foundations on which Redington's strategic advisory services are built will support TPT's ability to continue delivering a high-quality investment service for all of our schemes and the underlying members," said Cliff Speed, chief investment officer at TPT Retirement Solutions, in a news release on the plan's website.