How is your pension invested? An interview with Nest, one of the UK’s biggest schemes

Do you have a workplace pension? If so, there's a good chance it's with Nest, one of the UK’s largest pension schemes, with over 13 million members. We're speaking with Paul Todd, the COO of Nest Invest, to understand how they invest all that money. Are they delivering? And why did they remove the option for a 100% equities fund? Do you have something you want to say Nest? If you're a member, you can contact them through your account, or you can use the contact us section of their website 💷 What to do with a lump sum webinar - join the waiting list: https://makingmoney.email/lump-sum-audio 🤝 Want help from a financial advisor? We’ve teamed up with advisors we like so you can get 1:1 support from a professional. Learn more: https://makingmoney.email/financial-advisors-audio ⛑️ Check your financial health https://makingmoney.email/health-check-audio 📧 Free guides on personal finance Learn how to build long-term wealth in the UK: https://linktr.ee/makingmoneypod 📈 Investment platforms we use: Trading 212 Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1. Use the code ‘MM’ or this link: https://www.trading212.com/promocodes/MM InvestEngine  Get up to a £50 bonus when you invest at least £100. https://investengine.pxf.io/daOD2Q Vanguard https://www.vanguardinvestor.co.uk/ 🎉 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 www.tide.co/offer/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 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: 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.

We answer all your biggest questions for 2025: How do you know if you’re on track with your finances? How much do you need for retirement? What to look for in a pension fund? How to diversify to reduce risk? Email us your questions: [email protected]. 💷 What to do with a lump sum webinar - join the waiting list: https://makingmoney.email/lump-sum-audio 📧 Get the free newsletter series we mentioned And other guides on personal finance: https://linktr.ee/makingmoneypod 🤝 Want help from a financial advisor? We’ve teamed up with advisors we like so you can get 1:1 support from a professional. Learn more: https://makingmoney.email/financial-advisors-audio ⛑️ Check your financial health https://makingmoney.email/health-check-audio 📈 Investment platforms we use: Trading 212 Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1. Use the code ‘MM’ or this link: https://www.trading212.com/promocodes/MM InvestEngine  Get up to a £50 bonus when you invest at least £100. https://investengine.pxf.io/daOD2Q Vanguard https://www.vanguardinvestor.co.uk/ 🎉 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 www.tide.co/offer/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 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: 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.

What will the world look like in 2050? Will the US remain the largest economy, or will China or India take the lead? Can AI solve the challenges posed by an ageing population? And will asset prices deliver the returns we expect? Hamish McRae, an economics columnist for The i and the Mail on Sunday, is the author of The World in 2050: How to Think About the Future. 💷 What to do with a lump sum webinar - join the waiting list: https://makingmoney.email/lump-sum-audio 🤝 Want help from a financial advisor? We’ve teamed up with advisors we like so you can get 1:1 support from a professional. Learn more: https://makingmoney.email/financial-advisors-audio 📧 Free guides on personal finance Learn how to build long-term wealth in the UK: https://linktr.ee/makingmoneypod ⛑️ Check your financial health https://makingmoney.email/health-check-audio 📈 Investment platforms we use: Trading 212 Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1. Use the code ‘MM’ or this link: https://www.trading212.com/promocodes/MM InvestEngine  Get up to a £50 bonus when you invest at least £100. https://investengine.pxf.io/daOD2Q Vanguard https://www.vanguardinvestor.co.uk/ 🎉 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 www.tide.co/offer/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 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: 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.

Your pension should be your top priority this year. Tom McPhail, pensions expert at The Lang Cat and former Head of Policy at Hargreaves Lansdown, explains how to calculate what you’ll need to retire, whether you can count on a state pension, and maximise returns without extra contributions. This is what we think you need to get your pension sorted out.  Our previous episode with Tom is called ' Will you be hit by the pensions crisis?' listen here: https://open.spotify.com/episode/6gJm3v9d9K6cEiAzcfI8Z9?si=5fae24feba054ca3 📧 Get the free newsletter series Damo mentions Learn how to build long-term wealth in the UK: https://makingmoney.email/series-tom-audio 🤝 Want help planning your finances from an advisor? We’ve teamed up with financial advisors we like so you can get 1:1 support from a professional. Learn more: https://makingmoney.email/financial-advisors-audio 📈 Investment platforms we use: Trading 212 Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1. Use the code ‘MM’ or this link: https://www.trading212.com/promocodes/MM InvestEngine  Get up to a £50 bonus when you invest at least £100. https://investengine.pxf.io/daOD2Q Vanguard https://www.vanguardinvestor.co.uk/ 🎉 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 www.tide.co/offer/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 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: 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.

Your career and earnings massively impact your financial future, but with skills fast becoming obsolete, how can we make sure we succeed? Helen Tupper, author of The Squiggly Career, suggests ditching the career ladder mindset - progress and more pay can come from moving sideways, not just up. 💷 What to do with a lump sum webinar - join the waiting list: https://makingmoney.email/lump-sum-audio 🤝 Want help from a financial advisor? We’ve teamed up with advisors we like so you can get 1:1 support from a professional. Learn more: https://makingmoney.email/financial-advisors-audio ⛑️ Check your financial health https://makingmoney.email/health-check-audio 📧 Free guides on personal finance Learn how to build long-term wealth in the UK: https://linktr.ee/makingmoneypod 📈 Investment platforms we use: Trading 212 Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1. Use the code ‘MM’ or this link: https://www.trading212.com/promocodes/MM InvestEngine  Get up to a £50 bonus when you invest at least £100. https://investengine.pxf.io/daOD2Q Vanguard https://www.vanguardinvestor.co.uk/ 🎉 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 www.tide.co/offer/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 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: 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.

Looking to sort your financial life out in 2025? Financial advisor and podcast favourite Lisa Conway-Hughes shares a bunch of small changes that could make a big difference to your financial future. 🤝Want help from a financial advisor like Lisa? Get 1:1 support from a professional: https://makingmoney.email/advisors-lisa-audio 📧 Free guides to improve your finances https://linktr.ee/makingmoneypod 📈 Investment platforms we use: Trading 212 Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1. Use the code ‘MM’ or this link: https://www.trading212.com/promocodes/MM InvestEngine  Get up to a £50 bonus when you invest at least £100. https://investengine.pxf.io/daOD2Q Vanguard https://www.vanguardinvestor.co.uk/ 🎉 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 www.tide.co/offer/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 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: 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.

Rob Dix says we can’t rely on the rules of the past to get the financial future we expect, and shares some new ideas for what we can do instead. Rob is a finance expert, host of The Property Podcast and has just released a new book called 'Seven Myths About Money: And The Truth About Finding Financial Freedom’.   Rob’s book: https://shorturl.at/btaw 💷 What to do with a lump sum webinar - join the waiting list: https://makingmoney.email/lump-sum-audio 🤝 Want help from a financial advisor? We’ve teamed up with advisors we like so you can get 1:1 support from a professional. Learn more: https://makingmoney.email/financial-advisors-audio ⛑️ Check your financial health https://makingmoney.email/health-check-audio 📧 Free guides to improve your finances https://linktr.ee/makingmoneypod 📈 Investment platforms we use: Trading 212 Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1. Use the code ‘MM’ or this link: https://www.trading212.com/promocodes/MM InvestEngine  Get up to a £50 bonus when you invest at least £100. https://investengine.pxf.io/daOD2Q Vanguard https://www.vanguardinvestor.co.uk/ 🎉 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 www.tide.co/offer/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 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: 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.

Pete Matthew believes our mindset about money shapes every decision we make with it. Without the right attitude and perspective, even the best financial plans can fall apart. So Pete, a Chartered Financial Planner and Founder and host of Meaningful Money, asks - how can we avoid making the wrong decisions? ✉️ 80% of personal finance on 2 pages Get guide: https://makingmoney.email/80-guide-pete-matthew 🤝 Want help from a financial advisor? We’ve teamed up with advisors we like so you can get 1:1 support from a professional. Learn more: https://makingmoney.email/financial-advisors-audio ⛑️ Check your financial health https://makingmoney.email/health-check-audio 📈 Investment platforms we use: Trading 212 Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1. Use the code ‘MM’ or this link: https://www.trading212.com/promocodes/MM InvestEngine  Get up to a £50 bonus when you invest at least £100. https://investengine.pxf.io/daOD2Q Vanguard https://www.vanguardinvestor.co.uk/ 🎉 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 www.tide.co/offer/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 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: 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.

For Christmas we've gone into the archive to dig out one of our favourite episodes. Everyone talks about diversification, but how diverse do you really need to be? Can you just invest in one fund? Ramin Nakisa is personal finance YouTube royalty in the UK. He walks us through some of the major assets classes and their pros and cons - but also why one investment might just be enough for you to beat most professional investors, forever. This episode was recorded in July 2023 so some information may have changed since then.  💷 What to do with a lump sum webinar - join the waiting list: https://makingmoney.email/lump-sum-audio 🤝 Want help from a financial advisor? We’ve teamed up with advisors we rate so you can get professional support. Learn more:  https://makingmoney.email/financial-advisors-audio ⛑️ Check your financial health https://makingmoney.email/health-check-audio 📧 Free guides on personal finance Learn how to build wealth in the UK: https://linktr.ee/makingmoneypod 📈 Investment platforms we use: Trading 212 Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1. Use the code ‘MM’ or this link: https://www.trading212.com/promocodes/MM InvestEngine  Get up to a £50 bonus when you invest at least £100. https://investengine.pxf.io/daOD2Q Vanguard https://www.vanguardinvestor.co.uk/ 🎉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 www.tide.co/offer/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 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: 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.

Erik Angner is a PhD economist, philosopher, and author of ‘How Economics Can Save the World’. He says economics holds the answers to how we solve the world’s biggest problems, including how you can get rich. 💷 What to do with a lump sum webinar - join the waiting list: https://makingmoney.email/lump-sum-audio 🤝 Want help from a financial advisor? We’ve teamed up with advisors we rate so you can get professional support. Learn more:  https://makingmoney.email/financial-advisors-audio ⛑️ Check your financial health https://makingmoney.email/health-check-audio 📧 Free guides on personal finance Learn how to build wealth in the UK: https://linktr.ee/makingmoneypod 📈 Investment platforms we use: Trading 212 Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1. Use the code ‘MM’ or this link: https://www.trading212.com/promocodes/MM InvestEngine  Get up to a £50 bonus when you invest at least £100. https://investengine.pxf.io/daOD2Q Vanguard https://www.vanguardinvestor.co.uk/ 🎉Sponsors Vanta - Get your company secure and compliant, with $1k off: https://vanta.com/makingmoney TTide - Get 4.07% AER variable on your business savings. Use this link www.tide.co/offer/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 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: 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.