Cardano’s defined contribution (DC) business has been selected by NEST to provide general investment advice and support fund manager selection exercises.
The firm will also advise on the impact of changes in legislation to the development and design of the master trust’s investment strategy.
Following a subsequent tender process, Cardano was selected as a member of each of the two panels of advisers to NEST in June.
The master trust’s chief investment officer Mark Fawcett said it can achieve its goal of delivering high quality workplace pensions for members by working collaboratively with selected parties, to access best ideas and practice.
He added: “Cardano showed the capabilities we seek across both general investment advice and manager selection. We’re looking forward to working with them in the future.”
The firm’s co-head of DC business Ralph Frank said: “We’re delighted by NEST’s demonstration of confidence in our capabilities, having been chosen as one of its advisers.
“We look forward to engaging with and supporting NEST in advancing its offering as well as identifying leading fund managers.”
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