Allocator CareersUpdated Jul 21, 2026
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Pension

Nest (National Employment Savings Trust)

Public pension fund1 — London.

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Overview

building Learn More The Federal Reserve Explained Disaster Preparedness and Recovery Resources Learn more about helpful resources for institutions and individuals who are recovering from California wildfires.1

Nest (National Employment Savings Trust)'s pension assets support retirement benefit obligations for plan participants.1

Investment program

Estimated AUM
$63.9B as of Mar 31, 20252
Capital pool
Public pension fund1
Investment model
NEST uses a mixed model: its in-house investment team manages day-to-day investment activity and asset allocation, while external managers implement mandates. As of 31 March 2025, NEST reported 36 mandates and 19 external fund managers.3
Investment approach
NEST uses a lifecycle target-date approach built around five building blocks: Higher Growth, Long-Term Stable Growth, Income Seeking, Capital Preservation, and Longevity Protection. Allocations change over time across growth, capital-preservation, income, liquid, and illiquid assets.3
Spending support
Not listed yet
Spending policy
Not listed yet
Asset allocation
Public evidence references these asset classes or allocation areas: fixed income.4
Performance
Not listed yet
Governance
Proposals for Comment Find, review, and submit comments on Board proposals.1
Investment team
NEST has an in-house investment team. Liz Fernando was appointed Chief Investment Officer, while Mark Fawcett remained CEO of Nest Invest and managing director of the investment function.5
Unfunded commitments
Not listed yet
Source freshness
Last verified Jul 21, 2026 · Needs review

Sources

Last verified Jul 21, 2026 from public career and organization materials.

Fact notes

  1. Website (content.nestpensions.org.uk)Parent organization overview, Pool purpose, Capital pool, Governance · checked Jul 25, 2026
  2. Annual report (nestpensions.org.uk)Estimated AUM · checked Jul 25, 2026
  3. Website (nestpensions.org.uk)Investment model, Investment approach · checked Aug 6, 2026
  4. Website (federalreserve.gov)Asset allocation · checked Jul 25, 2026
  5. Website (nestpensions.org.uk)Investment team · checked Aug 6, 2026
  6. Website (nestpensions.org.uk)Investment office page · checked Jul 25, 2026

Reports and filings

Profile and job sources

Nest (National Employment Savings Trust) | Allocator Careers