NEST has today set out the investment parameters for its range of default funds.
It says key elements of its retirement date funds, the default option for its target market, include an investment objective to achieve performance in excess of CPI inflation after management costs. NEST says the majority of members would spend most of their savings career in the growth phase which will target CPI plus 3%. For members under the age of 30 this will be about 30 years spent in the growth phase. It also says the default option will recognise different phases in a member's saving life time and proactively manage "many different risks". The strategy is based on evidence ...
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