PADA investment consultation focuses on default option

The authority said the paper - Building Personal Accounts: Designing an investment approach - will look at key questions, including how to meet future members' needs at low cost. It said it anticipated the majority of members - largely low to moderate earners - would be invested in the default fund and said it would put particular focus on this fund. PADA chief executive Tim Jones said: "This discussion paper seeks to draw on the experience and expertise of the investment industry, pension scheme providers, consumer groups, employers, and existing trustees to help PADA design a pension ...