NEST Insight partners with Invesco to support ‘ambitious’ programme of work

Kim Kaveh reports...

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NEST Insight has teamed up with Invesco to boost its programme of research, publications and events, in order to help address the challenges facing its eight million members.

The master trust’s research arm – which was established in 2016 – now has two strategic partners, with the first being Vanguard in 2017.

Invesco – with its existing partnership with University of Cambridge Judge Business School – will support and help shape NEST Insight’s work through sponsorship, the contribution of industry expertise and insights, and by helping the programme to reach a wider audience.

Its executive director Will Sandbrook noted the research arm wants to “drive real change”.

He added: “We believe that what we learn can help inform and support others who are similarly working to improve the outcomes of defined contribution (DC) savers, and help those who are yet to start saving, in the UK and around the globe.”

He noted the partnership will be “instrumental” in aiding the master trust to deliver and expand its research.

NEST Insight said that working in partnership enables it to deliver a more comprehensive and impactful research agenda than would otherwise be possible.

Invesco head of government and strategic institutions Dean Heaney said: “Through the application of joint insight, we are keen to uncover solutions to the challenges faced by many DC schemes in providing pensions and a post retirement income.

“Invesco’s experience in working with some of the largest asset owners globally, gives us real insight into these challenges.”

He added the firm is excited to be able to support NEST in its “ambitious agenda”.

The news follows the publication of a NEST Insight report with Vanguard last week (28 June) on how NEST members save for their pension, exploring the choices, demographics, behaviours and likely outcomes for savers. The pair said they hope the research will help to inform the debate with both industry practitioners and the public as to how best to improve retirement outcomes in the UK.