Better Business: Preparing for NEST

We already know workers find pension investment choices confusing and more often than not make no selection, ending up in a prescribed default fund. Our research shows words such as ‘risk’ and ‘equity’ mean very little to many potential investors. In 2012, the new employer responsibilities will introduce auto-enrolment to qualifying pension schemes in the UK. In principle, this is an admirable effort to help workers save for retirement, but there are some clear challenges. Being auto-enrolled removes any decision-making about whether to join an employer-sponsored pension scheme, or th...