National Employment Savings Trust (NEST) has appointed Allianz Global Investors (GI) Global Solutions as investment strategy adviser.
The government-backed master trust, which last week announced it had reached one million members (PP Online, 3 April), will use Allianz GI for a range of investment advice, including provision of capital market assumptions and modelling services.
NEST chief investment officer Mark Fawcett said the provider has worked "very successfully" with Allianz GI on strategy projects in the past.
Allianz GI chief executive Elizabeth Corley said the firm will support NEST as it delivers "a straightforward yet sophisticated way to meet members' pension needs" for employers of all sizes.
Allianz GI currently advises more than 100 institutional clients on £52bn worth of assets internationally.
Last week, the firm confirmed it is looking to expand into the fiduciary management market in the UK, in addition to its existing services in France, Germany and the Netherlands (PP Online, 4 April).
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