We hate hidden fees. We'll only charge you one fair, transparent annual fee for managing your pension that covers absolutely everything within our service.
Our annual management fee is automatically taken from your pension pot in 12 monthly instalments.
We calculate the fee every day based on the average value of your pension pot, add it together at the end of the month, and charge it around the 12th of the following month.
The fee is split between Penfold, our partners and the money manager, BlackRock or HSBC, for investing and administering your pension.
Our single, all-in fee is made up of a pension administration fee plus an investment platform fee.
Pension administration fee, paid to Penfold and our partners for administering your pension:
Investment platform fee, for investing your money:
Our plans offer a simple fee structure based on how much you have saved.
* The Sharia Plan fee includes a 0.2% subsidy from Penfold, following the restructure of the underlying HSBC fund, which will expire on August 30th. We are currently working on extending this or finding another fund at the same price, but the fees on this plan may increase. We will provide at least one month notice for any such change.
Our annual fee covers absolutely everything within Penfold’s pension service:
Our official Charges Guide summarises this - you won’t find any other hidden fees buried elsewhere.
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