Management interest pours in for NEST mandates

Figures seen by Professional Pensions, IFAonline's sister website, show 163 individual expressions of interest were made for the five mandates, with the diversified beta fund attracting the most with 55. UK fixed interest gilt and UK index-linked gilt funds both drew 22 expressions of interest; the global equity fund received 27; and the low-risk cash management product had 37. IMA head of research Jonathan Lipkin says: “The numbers illustrate how seriously the advent of NEST is being taken within the asset management industry. “The institutional asset management market is highly c...