How to get a decent default fund in place

This might surprise you but there’s no mention of default investments in the automatic enrolment legislation; at least not so far. However, as it’s a fundamental principle that new members shouldn’t need to make any decisions before joining the scheme, a default investment must be provided for members who prefer not to choose where their money is invested. And, given that many of the people who will save into a workplace pension as a result of automatic enrolment will be new to the world of investments, it’s more important than ever that the default stands up to scrutiny. So if you’re...