NEST awards ethical fund mandate to F&C

NEST Corp has announced F&C Asset Management will run its ethical fund.

The national savings vehicle has also awarded its Sharia mandate to HSBC Global Asset Management. "Both of these funds should provide an excellent foundation for helping our members who want to make a choice based on ethical or faith grounds save for retirement," says Tim Jones, NEST chief executive. In February, NEST announced the managers of its five mandates making up the framework for its target retirement date funds. UBS Global Asset Management will manage NEST's global equities, whilst State Street will run NEST's UK gilts and index-linked gilts mandates. Meanwhile, BlackR...