NEST invites bids for sterling bond fund mandate

The pooled sterling corporate bond fund is not a new fund choice for members, but instead will be used as part of other NEST funds. The sterling bond fund will be used as part of the consolidation phase of NEST's retirement date funds, as part of de-risking in the pre-retirement fund and as part of the holding fund for pots that have reached their retirement date. Mark Fawcett, chief investment officer at NEST, said: "NEST Corp continues to evolve the way it delivers on its investment approach for NEST's members. "Our research suggests that providing further diversification to our ...