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