NEST to offer socially responsible fund

The corporation, having conducted extensive research into investor needs, says most members will stay in the default NEST fund, but a minority will be interested in different funds and some may want to invest ethically. NEST Corp and Mercer will shortlist fund managers for the ethical fund, which will be an actively-managed global equity fund. "NEST recognises that ‘ethical' and ‘socially responsible' can mean many different things to different people," says Mark Fawcett, chief investment officer at NEST. "We have conducted research and market analysis to try to get a better under...