Pensions - Articles - Royal London to manage NEST's corporate bond mandate

 NEST Corporation has appointed Royal London Asset Management (RLAM) to provide an actively-managed sterling corporate bond fund mandate, it was announced today (Monday).

 This mandate will be one of the underlying building blocks for the NEST Retirement Date Funds and NEST Pre-retirement Fund. It is not a standalone fund choice.

 NEST research suggests that currently an appropriate portfolio to track annuity products is a combination of gilts and corporate bonds. Initially we expect the split between the assets to be 50:50.

 Mark Fawcett, NEST's Chief Investment Officer, says:

 ‘This additional building block allows us to further refine the already sophisticated approach we use to manage risk and deliver our investment objectives. We are delighted to be working with RLAM.'

 Robert Talbut, RLAM's Chief Investment Officer, says:

 ‘RLAM is very pleased to have been appointed to manage a sterling corporate bond mandate on behalf of NEST, for which we believe that our style of active management is ideally suited. Our experience and investment approach has enabled us to consistently add value for a range of clients through active management and we look forward to working with NEST for the benefit of investors in the NEST Retirement Funds.'