Looking for illiquidity
National Employment Savings Trust CIO Mark Fawcett says the fund is leveraging its growth to pursue illiquid assets for premium returns, greater diversification and reduced volatility.
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NEST diversifies via high-yield bonds
UK multi-employer fund pushes for better returns in fixed income with an active global high-yield bond fund, while stressing ESG principles and long-term relationships with asset managers.
Best practice de-cumulatisation: a hybrid approach
Given annuitisation of retirement income is no longer compulsory in UK defined contribution funds, NEST has set out to uncover what best practice retirement income distribution looks like. The solution is a hybrid of flexibility and insurance – at low cost. Amanda White spoke to NEST chief investment officer, Mark Fawcett. One of the newest
NEST’s defined contribution lessons
At the end of last year, 47 per cent of global pension assets were in defined contribution structures. As the trend towards defined contribution continues, one of the newest DC funds, the UK’s NEST, has some clear messages on what makes a defined contribution fund work. Chief executive, Tim Jones speaks with Amanda White.
NEST into infrastructure and property
The National Employment Savings Trust, NEST, the UK government-backed pension scheme set up a year ago with the introduction of auto-enrolment, developed a new allocation to real estate this summer. Now it is planning to add infrastructure to its illiquid allocations in a move reflective of a change of thinking to embrace more risk. NEST’s
NOW: Pensions crosses borders
In the city of Hillerød outside Copenhagen in Denmark, a small group of Danes want to teach the United Kingdom’s pensions industry a thing or two. Where UK trustees tend to see fund choice as a blessing, Denmark’s DKK579-billion ($101.6-billion) public pension plan ATP has always viewed picking and choosing between different managers as more
From the CIO’s chair