The largest potential defined contribution scheme in the UK may include UCITS hedge funds into its investment strategy mandates.
The National Employment Scheme Trust, usually refered to as Nest, is aimed at primarily low earners in the UK who do not have access to a company pension scheme and launches in 2012.
Paul Todd from Nest
Paul Todd, head of investment policy for Nest, says that it is currently developing mandates and is in the process of finalising its investment strategy which is expected to be announced in the new year.
There are different mandates for the default fund including: global equities, gilts, cash, index linked gilts and an alpha seeking mandate – which can include