View more on these topics

Nest appoints RLAM for active sterling corporate bond mandate

Fawcett

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.”

Recommended

5

IMF: UK faces £750bn pensions time bomb

The International Monetary Fund has warned the UK it faces a £750bn pensions time bomb as life expectancy rates grow faster than expected. The IMF says governments and the financial sector have consistently understated how quickly lifespans will rise by around three years, a gap which could make public finances unsustainable. The Washington-based firm’s report […]

£54bn deficit for council pension schemes

Council pension schemes have a combined deficit of £54bn despite £1 in every £5 of council tax being spent on employer contributions, according to the TaxPayers’ Alliance. A new report from the right-leaning thinktank says the £54bn deficit in 2010/11 was down by 41 per cent from £91bn in 2009/10 but is up on the […]

1

L&G replaces MPPI with short-term income protection

Legal & General has launched a short-term income protection product to replace its existing mortgage payment protection insurance product for new business. The lifestyle cover product provides a monthly benefit linked to the customer’s level of income, rather than linking it to a specific mortgage or loan. The benefit will be paid for up to […]

1

ARM investors call for scrutiny of bid proposals

A group of investors in troubled life settlement vehicle ARM Asset Backed Securities wants to be able to scrutinise each proposal from prospective buyers of the fund to ensure the best offer is put to a bondholder vote. Luxemburg-based ARM issued bonds based on life settlement policies without the appropriate permissions. The bonds were sold via […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com