PADA investment recommendation due in summer 2010

Publishing responses to its investment consultation today, the authority believes further research is needed to provide the Personal Accounts trustee corporation with final recommendations. Respondents to the consultation largely supported PADA's suggestion to use target date funds to ensure members have appropriate investment strategies to suit their particular retirement needs. Recommended assets for the default fund consisted largely of UK and global equities, bonds, cash, property and commodities. There was a lower appetite for more niche asset classes, such as private equity, ...