Too much investment choice can overwhelm your employees.
Most pension schemes offer an enormous range of investment options, despite research revealing that too much choice confuses members and leaves them feeling dissatisfied.
To help them, it’s a legal requirement to set up a default way of investing. Unless members actively decide otherwise, and only 5% do, their contributions are paid into the default fund. That makes it really important to choose a default that suits as many of your members, and their retirement plans, as possible.