Management interest pours in for NEST mandates

clock

More than 160 expressions of interest have been made from asset managers hoping to manage NEST's first five investment funds.

Figures seen by Professional Pensions, IFAonline's sister website, show 163 individual expressions of interest were made for the five mandates, with the diversified beta fund attracting the most with 55. UK fixed interest gilt and UK index-linked gilt funds both drew 22 expressions of interest; the global equity fund received 27; and the low-risk cash management product had 37. IMA head of research Jonathan Lipkin says: “The numbers illustrate how seriously the advent of NEST is being taken within the asset management industry. “The institutional asset management market is highly c...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Labour scrapping higher rate pensions tax relief is 'politically unlikely'

Labour scrapping higher rate pensions tax relief is 'politically unlikely'

Despite being ‘potentially lucrative’

Isabel Baxter
clock 30 September 2024 • 4 min read
Failed Hartley Pensions clients face months-long SIPP transfer document delays

Failed Hartley Pensions clients face months-long SIPP transfer document delays

Frustrated client notes that communications were promised from April to June

Isabel Baxter
clock 29 August 2024 • 3 min read
British Steel pensions transfer advice debacle in numbers

British Steel pensions transfer advice debacle in numbers

‘The FCA continues to pursue those who gave poor advice’

Isabel Baxter
clock 29 July 2024 • 3 min read