UK Nest pension fund says pledge to invest 30% in private markets ‘not guaranteed’
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK’s state-backed pension scheme said its plans to invest 30 per cent of its portfolio in private markets by 2030 was “not a guarantee”, arguing it would not compromise on value to meet the target. The National Employment Savings Trust plans to increase its private market exposure from a current level of about £8bn to £30bn over the next five years, following a government push for more investment in UK infrastructure. But...



