Discussion paper on investment approach launched

The Personal Accounts Delivery Authority (Pada) has launched a discussion paper on the investment ap...

The Personal Accounts Delivery Authority (Pada) has launched a discussion paper on the investment approach for the new national pension scheme. The authority says the paper, Building Personal Accounts: Designing an Investment Approach, will look at key questions, including how to meet future members' needs at low cost. It says it anticipated the majority of members, estimated as one million low to medium earners, would be invested in the default fund, which will be its particular focus. Pada chief executive Tim Jones says: "This paper seeks to draw on the experience and expertise of t...