Do you have a workplace pension? If so, there's a good chance it's with Nest. With over 13 million members, Nest is one of the UK’s largest pension schemes. Paul Todd is the COO of Nest Invest, who decide how your money is invested. 📧 Free guides for building wealth: https://linktr.ee/makingmoneypod 🤝 Improve your finances with our adviser service - book free consultation: https://makingmoney.email/financial-advisors-video 🎉Sponsors Vanta - Get your company secure and compliant, with $1k off: https://vanta.com/makingmoney Tide - Get 4.07% AER variable on your business savings. Use this link https://tide.co/offers/makingmoneyq1 or the code 'MAKINGMONEYQ1'. You'll also get £100 if you fund your account with £5,000 in the first 30 days. Ts&Cs apply. New Tide members receive a 0.78% AER boost on the standard 3.29% on unlimited deposits until 01/06/25 after which the rate reverts to 3.29% and is only earned on balances up to £75,000. Rate correct as of 19/12/24. Full terms: https://tide.co/terms/makingmoneyq1-tnc. - If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. Chapters 00:00 - Intro 00:45 - Why was Nest set up? 03:56 - Do Nest think 8% is enough? 14:30 - Default funds 24:28 - Do Nest’s default funds reduce expected return? 34:05- Tide ad 34:57 - Should you get out of the default? 38:59 - Why did Nest change their Shariah fund? 47:35 - Will Nest bring in a 100% equities fund? 01:00:39 - Vanta ad 01:01:34 - Fee structure 01:10:15 - Where do your fees go? 01:13:42 - What does Nest think about the government’s plans? 01:20:28 - Following the Canadian and Australian model 01:27:19 - Why don’t Nest allow partial transfers? 01:32:35 - Tell them what you think