NEST to completely divest from tobacco as 'compelling' performance evidence found

Kim Kaveh
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NEST to completely divest from tobacco as 'compelling' performance evidence found

The government's auto-enrolment provider NEST is going tobacco-free across all of its investment portfolios after concluding the asset is a "poor investment" for its eight million members.

The £6bn master trust said the decision was due to key factors including stricter worldwide regulation, increasingly aggressive legal action by governments, and falling global smoking rates. NES...

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