Advisers pan 'unbalanced' NEST investment remit

NEST will be invested in five broad categories; global equities, conventional and index-linked gilts, cash and diversified global growth. According to an Incisive Media BUZZ survey, 61% of advisers think this selection will not make a balanced portfolio for pensions savings. A number of advisers polled say personal pensions have lower charges and a much wider fund choice than that offered by NEST, and brand the government scheme as a "one-size-fits-all solution". Many argued a long-term savings vehicle should invest in assets such as real estate and infrastructure to ‘capture the i...