By: The Guardian
Nov 15, 2019
It’s often said that paying into a workplace pension is a no-brainer, and maybe here’s the proof: early investors into Britain’s biggest auto-enrolment scheme have tripled their money in seven years. And those who chose the ethical fund have made the best returns.
Figures provided exclusively to Guardian Money by Nest (National Employment Savings Trust) – which boasts 8.5 million members – are good news for those putting aside money for their future.
But they also reveal that a decent chunk of Britons’ retirement cash is riding on the fortunes of Facebook, Apple, Google and Amazon.
Nest is a publicly owned scheme set up by the government as part of the so-called “automatic enrolment” retirement saving initiative designed to get millions more people paying into a pension.