Average DC default has 10% invested in top US tech firms

PensionBee finds average £20,000 pot has £2,033 invested in US tech giants

Jasmine Urquhart
clock • 2 min read
Average DC defaults have 10% invested in US tech stocks, PensionBee has found
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Average DC defaults have 10% invested in US tech stocks, PensionBee has found

The average UK defined contribution (DC) default arrangement has around 10% of its funds invested in the ‘magnificent seven’ tech firms, analysis from PensionBee has found.

The pension provider released its findings after it analysed the allocations of three default funds provided by The People's Pension (global investments – up to 85% shares), Nest (higher risk fund)...

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