This content is from: Innovation

HSBC, F&C Win NEST Mandates

The U.K.’s new national pension scheme has awarded Islamic and ethical portfolios to HSBC and F&C.

The U.K.’s new national pension scheme has awarded Islamic and ethical portfolios to HSBC and F&C, Reuters reports. The National Employment Savings Trust (NEST) will offer the two portfolios, among others, when it launches next year.

The NEST Sharia fund will be 100% invested in the HSBC Life Amanah Pension Fund. The contributions of those wishing to invest in a portfolio which considers issues such as employment practices, human rights and the environment, will be paid into F&C’s Stewardship International Fund. NEST has already appointed UBS, BlackRock and State Street to run global equity, bond, cash and U.K. sovereign debt.

Click here for the story from Reuters.



Related Content