The National Employment Savings Trust (NEST) is looking for fund managers to run mandates in both UK direct and global listed real estate.
NEST's advert in the Official Journal of the European Union calls for up to four specific investment funds for use as building blocks in its retirement date funds and other fund choices.
The retirement vehicle requires:
• A UK direct property fund
• A UK direct property fund with strong sustainability credentials and hence is aligned with the policies of the NEST Ethical Fund
• A global REITs fund
• A global REITs fund with strong sustainability credentials and hence is aligned with the policies of the NEST Ethical Fund
NEST said it expects to appoint up to four managers in the second quarter of 2013.
Chief investment officer Mark Fawcett said: "NEST has an investment approach specifically designed for the needs of our members, based on detailed research of their characteristics.
"This latest procurement allows NEST to provide even more sophistication in our approach to investing for a new generation of savers."
Nine in 10 do not have income protection
Set to become part of Single Financial Guidance Body
Also plan to scrap NI on contributions
Eight-week high against US dollar
Lower cost option for advisers