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.
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