Nest has appointed Royal London Asset Management to provide an actively-managed sterling corporate bond mandate.
Nest says the mandate will be one of the “underlying building blocks” for the scheme’s ‘retirement date’ funds and ‘pre-retirement’ fund.
The retirement date funds invest members’ savings based on their state pension age. The pre-retirement fund is designed for people who start saving with Nest within a few years of their retirement date.
Nest chief investment officer Mark Fawcett (pictured) says: “This additional building block allows us to further refine the already sophisticated approach we use to manage risk and deliver our investment objectives.”