Corporate Adviser
  • Content Hubs
  • Magazine
  • Alerts
  • Events
  • Video
    • Master Trust Conference 2024 videos
  • Research & Guides
  • About
  • Contact
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG
No Result
View All Result
Corporate Adviser
No Result
View All Result

Nest invites tenders for private credit

Nest is inviting tenders for asset managers to deliver exposure to private credit in a format suitable for defined contribution investors, as it seeks to diversify the asset classes it invests in.

by John Greenwood
September 4, 2018
Share on FacebookShare on TwitterShare on LinkedInShare on Pinterest

The provider is calling on asset managers to work with it to develop innovative new ways to bring private credit investment to DC savers at an affordable price.

Nest says the traditional model of small closed-ended funds is unlikely to be appropriate for its needs. Instead it is seeking managers that can operate evergreen, scalable funds focusing on unlisted infrastructure debt, real estate debt and corporate loans.

Nest says it will in future have enough assets under management to explore direct and co-investment opportunities.

Nest chief investment officer Mark Fawcett says:“Developed market equities and bonds are looking fairly fully valued. With volatility on the rise, we must find cost-effective ways to access alternative sources of return and diversify risk for our members.

“We see long term potential in private markets and alternative asset classes. We’ve recently added commodities and are now looking to add private credit to our toolbox. We don’t buy the argument that private credit is out of reach for DC schemes. Our members should have access to the same opportunities as pension savers in large, sophisticated DB schemes.

“DC pension savings are soon going to dominate the market and fund managers are beginning to recognise this. They’ll need to think creatively about what this new generation of savers requires and be willing to negotiate seriously on fees.

“We’re looking to work with innovative fund managers who see the future potential in this market and want constructive, long term relationships with their clients based on pension savers’ best interests.”

 

VIDEO FROM ROYAL LONDON


Find out more about how to support the switching of a workplace pension

Corporate Adviser Special Report

REQUEST YOUR COPY

Most Popular

  • Jo Sharples profile: Happy returns for Aon

  • SPP warns against salary sacrifice reforms amid strong employer support for current system

  • Barnett Waddingham appoints five new partners amid raft of promotions

  • Consultants welcome new Pension Schemes Bill

  • Govt sets out roadmap for blockbuster pension reforms

  • Government introduces long-awaited Pension Schemes Bill

Corporate Adviser

© 2017-2024 Definite Article Media Limited. Design by 71 Media Limited.

  • About
  • Advertise
  • Privacy policy
  • T&Cs
  • Contact

Follow Us

X
No Result
View All Result
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG

No Result
View All Result
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.