National Employment Savings Trust (NEST)will launch a pooled investment fund to expand its pre-retirement investment offering, Money Marketing reports. The fund is expected to invest in a portfolio of bonds to track changes in annuity prices resulting from interest rate changes.
The pooled fund, which will form part of the scheme’s pre-retirement fund, will be used in the final consolidation phase of members’ saving. NEST has begun talks with providers of annuity tracking funds.
Click here for the story from Money Marketing.