NEST, the National Employment Savings Trust, has been awarded Best Use of Defined Contribution & Hybrid Structures by a panel of expert judges at the twelfth annual IPE Pension Fund Awards. The awards bring together the very best schemes and providers across Europe.
This win adds to NEST’s growing number of prestigious awards from across the pensions industry. The award was collected by Maria Musiela, head of market risk and asset allocation for NEST (picture attached).
NEST was recognised for its:
• State-of-the-art DC plan structure, coverage and asset allocation strategy
• Suite of 47 single-year target date funds offering optimum investment flexibility
• Comprehensive investment criteria, including Sharia, ethical and higher risk funds
Commenting on the award win, Mark Fawcett, chief investment officer at NEST said:
‘Winning such a prestigious award in the company of our European peers is a great acknowledgment of the hard work and effort that has gone into designing NEST’s unique range of Retirement Date Funds. NEST’s default strategy has been widely embraced among top consultants and advisers, and this award is another recognition that NEST’s approach is right for a new generation of savers.
‘NEST has been built from the ground up to provide a highly sophisticated and competitively charged investment solution for employers wanting to meet all of their duties under automatic enrolment. With millions of people set to start saving for a pension over the next few years, the NEST scheme will play a vital role in delivering better retirement outcomes for UK workers.’
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