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The second quarter of the year was eventful. Nest’s CIO Elizabeth Fernando breaks down the tariff announcements, the One Big Beautiful Bill Act from President Trump in the US, the UK’s U-turn on welfare cuts and what that means for the bonds market. She also shares how Nest’s award-winning default funds have performed and what we should watch out for in the next quarter. Our in-house experts alongside our fund managers implement our carefully designed investment strategy to try to protect your hard-earned money from market fluctuations. Our priority is to safeguard your savings, and that’s why our investment team actively monitors economic conditions and adjusts our strategy as needed. If you want to learn more about our investment strategy and fund performance, the full quarterly investment report is available to download here: https://www.nestpensions.org.uk/schem...