TheNational Employment Savings Trust (NEST) has released its investment strategy and principles, Global Pensions reports. The trust’s retirement date funds, the default option for its target market, will include an investment objective to achieve performance in excess of Consumer Price Index inflation after management costs.
NEST will offer a higher risk fund, a lower growth fund, an ethical fund, a Sharia fund and a pre-retirement fund. The defined contribution scheme has signed on to theU.K. Stewardship Code and the UN’s Principles for Responsible Investment, adds IPE.