Regime change, retirement income and private markets with Liz Fernando

In this episode of Changing World, New Opportunities, hosts Louise and Dave sit down with Liz Fernando, chief investment officer at Nest. Liz explains how Nest is reshaping DC investing, moving beyond pot size to focus on retirement income and member outcomes. She shares her reflections on why investors could be in the midst of a regime change and what this may mean for asset allocation. Liz also discusses how the scheme blends multiple portfolios across different risk and return profiles, and how private markets, including timberland and private credit, play a growing role in driving diversification and long-term returns.

Liz also discusses Nest’s ESG and Net Zero strategy and the importance of real-world impact, and how technology and data could enable more personalised investment journeys tailored to members’ unique circumstances. This episode offers an insightful look at the innovations transforming the DC world and the future of retirement planning.