NEST to review investment strategy in wake of 2014 budget

The provider announced the review in its members' panel annual report, published last week. NEST members' panel chairman Museji Takolia said: "Policy changes mean that NEST will have to make adjustments to the investment strategy if NEST is to continue to deliver in the interests of its members." The report also said NEST would have to inform members how the changes announced in the Budget would affect them. The panel said 98% of assets under management rested in the default fund, called the NEST Retirement Date Funds. "It is significant that, even when other investment choices ...