NEST's fund managers

NEST has appointed a number of fund managers who will invest members' money.

The first five of these investment mandates were awarded in February 2011 as follows:

• Passive Global Equities - awarded to UBS Global Asset Management Life Ltd
• Passive UK Gilt - awarded to State Street Global Advisors
• Passive UK Index Linked Gilts - awarded to State Street Global Advisors
• Sterling Cash - awarded to BlackRock
• Diversified Beta - awarded to BlackRock

In early April 2011 we awarded investment mandates for our Ethical Fund and Sharia Compliant Fund.

• equity portion of NEST Ethical Fund awarded to F&C Global Asset Management
• Sharia mandate awarded to HSBC Global Asset Management