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."
Mr Fawcett said: "You can't just set and forget."
Watch the full video here.