Your Pension, Your Problem? Inside Nest’s Big Investment Shift

Your Pension, Your Problem? Inside Nest’s Big Investment Shift

From Merryn Talks Money by Bloomberg

April 22, 2026 · 23 min

About this episode

Merryn Somerset Webb and John Stepek discuss the implications of NEST's shift towards private market investments and the concerns it raises for individual savers.

Merryn Somerset Webb and John Stepek discuss the ongoing push into private markets by Britain's largest workplace pension scheme (by membership), the National Employment Savings Trust. NEST plans to invest roughly £30 billion of its members' cash in private markets by the end of the decade. But what if you don't want your money invested in private assets? The pair discuss what you can do as an individual, and also look at the questions the plan raises about transparency, investor awareness, and whether - and how - savers should have more say in where their money is invested. See omnystudio.com/listener for privacy information.

People in this episode

Host: Merryn Somerset Webb

Guest: John Stepek

Topics covered

  • pensions
  • private markets
  • investment strategy
  • transparency
  • saver awareness

Keywords

  • pension scheme
  • NEST
  • private assets
  • investment
  • saver rights

Mentioned in this episode

Organizations: National Employment Savings Trust

Places: Britain

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