>What DC scheme wouldn't let you put say 100% in shares? I'm looking at it from the point of view of fund managers. If the fund promises to invest 50% in bonds

>What DC scheme wouldn't let you put say 100% in shares? I'm looking at it from the point of view of fund managers. If the fund promises to invest 50% in bonds then someone's job will be to find suitable bonds. If you're young and you are free to choose how you want to save for your pension then I agree that stocks are probably safer. Perhaps even if the whole world slowly turns into Japan.