NEST invests in unlisted foreign private credit funds, Richard Tice warns

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Mikhail Vnuchkov

23.04.2026

NEST invests in unlisted foreign private credit funds, Richard Tice warns — NEST faces criticism over credit funds

Richard Tice has raised concerns about Britain’s large pension fund, NEST, for investing significant sums into foreign unlisted private credit funds. Tice argues that such investments are problematic due to high fees and lock-in periods that make it difficult to sell assets for years.

He contends that a pension scheme like NEST should avoid these types of foreign private credit investments, highlighting risks and costs facing British savers.

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Tice previously said the Reform party would scrap ESG and DEI investing to target higher pension returns, outlining his focus on improving outcomes for savers in large schemes like NEST. He has also highlighted lower U.S. gas prices compared with the UK, citing domestic production advantages. For further details, see Tice’s comments on pension investment policies and gas price disparities.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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