View more on these topics

Nest begins search for responsible ownership provider

Nest has launched a search for a responsible ownership provider to ensure the scheme’s fund managers consider environmental, social and governance factors when they invest members’ money.

In the early stages of the scheme the fund managers will carry out voting, while the scheme’s in-house team and responsible ownership provider will monitor the fund managers’ voting relative to Nest’s voting policy.

However, at a “certain size” of scheme assets or after a “certain period of time” Nest says it may take control of both detailed voting decisions and execution.

The national scheme, which will launch in low volumes in October this year, has also started the recruitment process for chairs and initial members of employer and member panels.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment