Your pension provider should be able to send you information about the fund options available to you. Detailed information about each fund should be provided before you choose the fund or combination of funds you want to invest in. This information should help explain the fund’s investment objectives, charges and other information such as where it invests (normally broken down into country and type of asset or sector).
Choosing the right fund or funds to invest in as a very personal decision. You need to factor in how long you’ve got until retirement and what kind of investment risk you’re willing to take.
When looking at the fund choices available to you it is worth understanding
Penfold partners with BlackRock and HSBC, to protect and grow your savings over the long term through a wide range of low-cost investments around the world.
We offer four different risk levels, ranging from the least risky that contains a low proportion of your money invested in equities (stocks & shares), increasing to our higher risk level which contains a higher proportion of your money invested in equities.
Of course, you can choose which risk option you are most comfortable with and can change it at any time.
Similar to our Standard MyMap fund range, the Sustainable MyMap fund invests across thousands of companies and other investment assets. But through its advanced technology it aims to invest only in companies that meet high sustainability standards and scores.
It's important to note that unlike our Standard range, there is only one risk level available, which holds the same risk level as our Standard Level 3 fund.
Our Shariah compliant fund is managed by HSBC, and also matches our four fundamental principles of investing: passive investing, broad diversification, low cost and managed risk.
It invests only in companies that are compliant with Shariah law. As a 100% equity investment, meaning that the entire fund is invested in stocks and shares, it carries the highest level of risk and potential returns, compared to our other Standard and Sustainable funds, but it's a great option for those looking for a socially responsible way to invest their money under Shariah law, without compromising growth.
Please note that no investment is risk free – taking risk should help your savings grow over the long term. BlackRock add an extra layer of ‘risk management’ for your money though, which should help protect it in times when global investment markets are less stable. This should give you the peace of mind to leave your investments in place for many years and not have to check them from day to day.
BlackRock invest your money in line with their MyMap strategy, which is specifically designed for long term retirement savings. It is low cost, broadly diversified, and built to react to the market, so that the ups and downs should be within the level of risk you are comfortable with.