HSBC Amanah fund chosen for UK national pension scheme
NEST Corporation has choosen HSBC Life Amanah Pension Fund for its Sharia Fund. NEST is a simple and low-cost UK pension scheme designed to give its members an easy way of building up their retirement pot. It also makes it easy for employers to meet their new workplace pension duties that will start to be introduced from 2012.
Stuart White, HSBC Global Asset Management (UK) Institutional Director, pointed out that this pension scheme could transform UK's pension industry.