Warning inflation may wreck NEST default fund

NEST's default fund, which people will be opted into unless they actively choose another fund, will contain a mix of global equities, UK gilts, UK index-linked fixed interest, low risk cash management and diversified beta vehicles. Last week, NEST Corp chief investment officer Mark Fawcett revealed plans to invest members' money in three stages; a lower risk foundation stage, followed by a higher risk consolidation stage for the middle section of investors' careers, and finally a low risk consolidation stage. Fawcett argues a loss during the first few years of saving into NEST runs th...