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

Kim Kaveh
clock • 2 min read

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...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Partner Insight: 10 trends driving the  global data centre market

Partner Insight: 10 trends driving the global data centre market

The data centre market is experiencing rapid growth. Here are 10 trends propelling the data centre economy and the reasons we believe investors should consider including them in their portfolios.

Principal Asset Management
clock 21 June 2024 • 5 min read
Partner Insight: Why investors are turning to real estate debt

Partner Insight: Why investors are turning to real estate debt

With high inflation continuing to weigh on global markets, investors are increasingly considering real estate debt as a source of resilient income.

Sarka Halas
clock 21 June 2024 • 2 min read
Stories of the week: Reform manifesto; Death of Martin Clarke; K3 Advisory

Stories of the week: Reform manifesto; Death of Martin Clarke; K3 Advisory

Reform pledges to review pension system; Government announces death of Martin Clarke; K3 Advisory launches buy-in to buyout service

Sarka Halas
clock 21 June 2024 • 1 min read
Trustpilot