The National Employment Savings Trust (NEST) Corporation has published the workplace pension scheme's investment approach.

Lawrence Churchill, chair of NEST Corporation, said the investment srategy would develop over time.

He said, 'To reflect our diverse future membership NEST's investment approach combines the reassurance of a carefully-managed investment approach for the majority who don't want to choose, with a set of focused choices for members who do want to.'

The scheme's retirement date funds - the default fund option for the scheme)  will seek performance in excess of inflation after costs for the majority of scheme members.

The funds will also aim to manage risks and will aim to limit 'investment shocks' for all members.

The scheme will also offer non-default retirement funds including: Higher Risk, Lower Growth, Ethical, Sharia and Pre-retirement funds.