Q&A: Nest’s deputy CIO on building a DC pension fund

London-based National Employment Savings Trust (Nest) is the UK’s default auto-enrolment pensions scheme. With 7 million members, it manages money on behalf of individuals with relatively small pension pots. The UK government had required that ‘auto enrolment’ schemes must be introduced from October 2012 by companies with 250 or more employees, as it felt that too few workers were contributing to retirement funds. Nest is young, but set to grow very fast. The fund started from e…