With more than 90 per cent of Britons remaining in the default fund, how can advisers make sure that auto-enrolment default funds are sophisticated enough to meet the needs of a diverse workforce?
According to NEST, people have complex financial needs, which require a sophisticated pensions solution, even if the vast majority of the UK workforce is investing into a default fund.
To help with this, NEST's default retirement date funds are tailored to a workers' individual retirement year, meaning there is an appropriate retirement date fund for every worker, regardless of their age.
Sitting behind this is a managed investment strategy, with a diverse portfolio of so-called 'building block' funds.
According to NEST, this means whether a worker is 22 or 44, their fund strategy will be sophisticated enough to meet their savings needs.
Find out more
For more videos on auto-enrolment, visit NEST Pensions' website or click here.
