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Why you need to be confident defaults are well-diversified

 

Diversification across the world is imperative for pension funds, the chief investment officer for NEST has claimed.

Mark Fawcett told FTAdviser: "It is important to diversify away from just equities, and we have multi-asset funds where we invest in property, equities, bonds, and we are about to add high-yield bonds soon.

"It is also important to vary the asset allocation through time. Diversification is good but you need to vary the strategy according to market conditions."

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Mr Fawcett said: "You can't just set and forget."

Watch the full video here.