Nest Corporation appoints Royal London to provide fund management

The Nest Corporation has appointed Royal London Asset Management to provide an actively-managed sterling corporate bond fund mandate.

The mandate will be one of the underlying building blocks for the National employment savings trust’s (Nest) retirement date funds and pre-retirement fund. It is not a standalone fund choice.

Mark Fawcett, chief investment officer at Nest Corporation, said: “This additional building block allows us to further refine the approach we use to manage risk and deliver our investment objectives.”

Robert Talbut, chief investment officer at Royal London Asset Management, added: “We are very pleased to have been appointed to manage a sterling corporate bond mandate on behalf of Nest.

“We look forward to working with Nest for the benefit of investors in the Nest retirement funds.”

For more articles on the pension reforms and auto-enrolment