The National Employment Savings Trust (NEST) has appointed a consortium of five income providers for its retirement panel, Money Marketing reports. The members will be able to select a retirement income product from the panel or look in the open market.
The investors of the trust will also be able to purchase an annuity from any provider on the panel or from an open market alternative, Professional Pensions reports. Canada Life, Just Retirement, L&G, Partnership and Reliance Mutual are the selected panelists.
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