UK - UK pension scheme names Sharia, ethical managers

LONDON, April 11 (Reuters) - Britain's new national pension scheme for workers whose employers do not run their own plans has appointed HSBC and F&C to run the Islamic and ethical portfolios respectively.

The National Employment Savings Trust (NEST), expected to become Britain's largest pension fund with up to 100 billion pounds ($164 billion) in total assets by 2030, will offer the two portfolios, among others, when it launches next year.(full story)