Making a NEST: Recruiting pension scheme managers

Innovative new national pension scheme called NEST seeks attentive, well-established fund managers willing to work hard for a small amount of money but lots of prestige.

Active fund managers need not apply unless they have specialist skills… Sadly the adverts running for NEST – seeking best-of-breed multi-asset class managers for the new national pension scheme – are unlikely to feature such ripe language. Instead, the official procurement notices are likely to emphasise the need to understand risk control and have a willingness to implement passive strategies at an industrial level. But be under no illusions – the recruitment drive for industry expertise announced recently is potentially revolutionary. At this first stage of a longer process of recru...