NEST funds outperform benchmarks since 2011

According to the multi-employer scheme's annual report and accounts, 99% of its members are in the default strategy as they do not make active choices about their investments. The most impressive annualised performance over the past four years was seen in the NEST ethical fund at 12.42% against a performance of 4.88% for its benchmark of Consumer Prices Index +3%. A typical retirement date fund in the growth phase, which has the same benchmark, enjoyed annualised returns of 10.81%. However, the sharia fund slightly underperformed at 14.18% against a benchmark of Dow Jones Islamic M...