All Nest articles – Page 3
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NewsNest closes Pre-retirement Fund after wide review
Government-backed master trust Nest has decided to close its Pre-retirement Fund following a review, since the fund was no longer appropriate due to the flexibility introduced by pension freedoms and the confusion its name caused among members.
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NewsNest and UBS divest from ‘unresponsive’ energy companies
On the go: Asset manager UBS has jettisoned “unresponsive” energy companies from its suite of climate-aware funds, including one it manages on behalf of Nest.
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NewsNest Insight trials new self-employed savings pilots
On the go: Master trust Nest’s research arm will be taking part in two pilots, which will test new forms of flexible saving for self-employed individuals.
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NewsNest to break even in 2024 and eyes loan repayment by 2038
On the go: Master trust Nest is expected to break even in 2024, two years ahead of previous forecasts, and anticipates it will repay the loan from the UK government by December 2038, according to its latest annual report.
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NewsOpperman urges asset managers to increase stewardship practices
The minister for pensions and financial inclusion has written to 44 asset managers urging them to comply with recent stewardship recommendations, which would allow schemes to have a more active voice in these matters.
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NewsBrendan McCafferty appointed as Nest chair
On the go: Pensions minister Guy Opperman has announced that Brendan McCafferty has been appointed as chair of the National Employment Savings Trust for a five-year term.
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NewsStraightforward messages more likely to engage savers than ESG
On the go: Straightforward pension communications, rather than those discussing environmental, social and governance topics, are better at engaging savers who have never logged into their pension account, new research has found.
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NewsNest Insight launches opt-out savings trial
On the go: The research arm of the government-backed master trust Nest has launched an ‘opt-out’ payroll savings approach that aims to help employees build up an emergency fund.
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NewsNest invests in UK solar farm
On the go: Master trust Nest has acquired a solar farm in Reading through its partnership with Octopus Renewables, meaning that one in three of the UK’s workforce is invested in the site.
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NewsPLSA publishes ESG case studies, TPP excludes 150 companies
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including the launch of practical case studies to help schemes achieve climate goals, and The People’s Pension divesting £226m from companies that failed to meet standards.
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NewsKeeping ahead of regulation curve vital to private market success
On the go: Private markets offer schemes access to transactions that will facilitate the transition to a green economy, but staying ahead of the regulatory curve is vital to achieving success within the space, the Pensions and Lifetime Savings Association’s annual conference has heard.
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NewsAE opt-out and cessation rates remain low despite pandemic
On the go: Auto-enrolment opt-out and cessation rates have remained low over the past year, despite hikes to minimum contributions and the economic impacts of the Covid-19 pandemic, according to new research from Nest Insight.
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NewsOne-third of applicants declined in UK Stewardship Code revamp
On the go: More than 60 applicants to the revamped UK Stewardship Code did not make the final list of companies complying with high standards of stewardship for those investing money on behalf of UK savers and pensioners.
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NewsNest to invest 5% of assets in private equity
On the go: The government-backed master trust Nest plans to allocate 5 per cent of its total assets to private equity, which is estimated to be worth £1.5bn by the end of 2024.
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NewsNest hires strategic investment research services firm
On the go: The government-backed master trust Nest has hired a company to provide strategic investment research services.
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NewsHow vegan members can align their pension with their lifestyle
The vegan market is on the rise in the UK. In 2019, more than 600,000 of the UK population classified themselves as vegan, and nearly half of this population cited ethical reasons as a primary motivator.
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NewsSchemes challenge managers to tackle lack of diversity
On the go: Asset managers who wish to continue to work with some of the biggest pension schemes in the UK will have to disclose how they are targeting diversity or risk losing their business.
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NewsNest to trial ‘opt-out’ payroll savings approach
On the go: The research arm of the government-backed master trust Nest will be trialling an ‘opt-out’ payroll savings approach that aims to help employees build up an emergency fund.
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NewsNest govt loan increases 66% in pandemic year
On the go: The loan from the Department for Work and Pensions to Nest increased by 66 per cent in 2020-21, as the government-backed master trust saw a rise in members and assets under management.
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NewsFourteen pension schemes commit to net-zero targets
On the go: Fourteen pension schemes, which collectively manage nearly £270bn of assets, have committed to set net-zero targets to align their investment portfolios with a 1.5C pathway.