RLAM appointed NEST bond manager

NEST Corporation confirmed it had appointed the fund manager to run an actively managed sterling corporate bond fund, which will form an underlying part of the scheme's retirement date funds and pre-retirement fund. It is not a standalone fund choice. NEST said its research had found the most suitable portfolio to track annuity products is a combination of gilts and corporate bonds. It said its initial split would be 50:50 between the two. Mark Fawcett, NEST's chief investment officer, said: "This additional building block allows us to further refine the already sophisticated approach...