Nest has today announced that it is publishing on its website, for the first time, specific information on its UK-based investments. This move underscores the pension scheme’s ongoing and long-term commitment to transparency and its focus on contributing to the UK economy.
The scheme invests at scale in the UK, with more than a fifth of its assets under management in UK investments. Nest anticipates having £20 billion invested in the UK by the end of the decade. Included among the reporting is a map which shows a selection of Nest’s investments in UK companies and infrastructure projects.
Research conducted by the pension scheme revealed that the majority of its members (70%) wanted more information about how Nest invests in the UK, with 75% either being unsure or underestimating the current levels of UK investment in their pension pots . More than two thirds (69%) of members were interested in where in the world their money was invested, with 70% wanting more information about how Nest invests in the UK.
To help provide further detail, the pension scheme will be publishing a quarterly summary of how this money is invested in the UK, just like it does with investment performance. Nest has around £8.5 billion invested in a variety of ways in the UK economy, from supporting infrastructure projects to lending to growing UK businesses.
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