Video: How sophisticated can a default fund be?
Given that more than 90 per cent of pension savers remain in the default fund, NEST takes a look at how to provide a default fund that suits all employees, whether they’re at the beginning of their working life or nearing the end.
When a worker enrols with NEST, their money will be invested in a NEST Retirement Date Fund based on the year they’re expected to retire. For example, if this is 2055 we’ll invest the member’s retirement pot in the NEST 2055 Retirement Fund. NEST Retirement Date Funds are what’s known as single-year target date funds and are unique in the UK.
This video was provided by NEST.
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