Young investors 'too cautious' on top-up pension

The group carried out a survey that looked at the contributions and investment fund choices of 28,000 members of additional pension savings vehicles (AVC). It found that 23pc of those who started an AVC arrangement in 2006 chose to invest all or part of their assets in cash. One in ten people in their early 30s said they had chosen a cash fund for at least some of their additional pension savings assets. The group explained that while those in older age groups are understandably more likely to be invested in cash to protect their assets, it may not be the right choice for younger ...