Grow your wealth stress-free with our four hand-picked, diversified pension plans.
Our most popular plan. Automatically adjusts investments to maximise early growth before protecting your pot as you approach retirement.
Perfect for: Savers who would prefer to ‘set and forget’.Lifetime plan details
Complete control of your pension. Choose between four different risk levels - tailoring investments to fit your preferences and outlook.
Perfect for: Savers that want more control over their investments.Standard plan details
Make a positive impact on the world without sacrificing growth. Aims to invest in companies with the highest ESG ratings.
Perfect for: Savers that prioritise socially conscious investments.Sustainable plan details
Allocates 100% of investments into stocks that are compliant with Sharia law. Approved by an independent Sharia committee.
Perfect for: Savers that want to invest in line with their ethics.Sharia plan details
Penfold is here to make things easy. That's why we offer four carefully selected plans that take the stress out of investing and make your pension as straightforward as possible, as it should be.
Change your pension plan whenever you like, or adjust risk level with our Standard plan, in just a few taps.
Ever wondered where the money in your pension actually goes? We give a breakdown of every investment inside each of our pension plans:
In addition, there's a constantly updated chart showing the performance track record of your plan.
Your pension can be invested in some of the biggest companies on the planet - from Apple and Microsoft, to Tesla and Netflix. We believe this gives you the right to have a say in how they’re run.
Our Explore Your Pension feature gives complete visibility into your savings - down to each individual company where your savings are invested.
In addition, have your say on the issues you care about using our voting dashboard, your vote goes straight to our fund manager who will represent you at company AGMs.
Our Lifetime, Standard and Sustainable plans use a series of innovative new funds from BlackRock, called the MyMap series.
These funds invest your money across different markets around the world, offering a range of risk and return profiles to match your goals. They are built by combining a group of well-established BlackRock index-tracking funds.
Your money is invested across these funds dynamically - adjusting your allocation based on how each market is performing. Dynamic allocation helps these funds outperform other investment strategies that typically stick to a more rigid investment formula (like a “60/40” stocks to bonds fund).
Our Sharia plan invests in the HSBC Islamic Global Equity Index Fund and is suitable for anyone looking for a socially-responsible, Sharia compliant way of saving for the future.
The fund has an elected Sharia board monitoring the fund and investments to ensure it remains Sharia compliant. All major decisions must pass the board and they issue an annual certificate evaluating compliance with Sharia principles.
Like our other funds, these investments are highly diversified, with 72% in North America, 11% in Europe and 12% in Asia Pacific. For those who require their investments to align with their faith, the Shariah plan may be a suitable option.
Our Lifetime, Standard and Sustainable plans use innovative products from BlackRock which are aligned with our four principles of investing.
We make full use of passive investment, exploiting technology to invest broadly across whole markets without relying on humans to pick individual companies to invest in.
We spread your savings across a wide range of different investment types and markets. This reduces the risk that two markets could fall at the same time and helps to smooth out volatility from returns.
We also believe in low cost investment because very small differences in fees can add up to a big charge against an individual pot.
We use technology to adapt the way your savings are invested in order to manage risk. Investments then respond to what is happening in markets and the world as a whole.
Our funds aim to balance risk control with good returns for investors, at a cost-effective price.
Costs are kept low through the use of BlackRock’s iShares index tracking funds, while BlackRock’s risk and quantitative analysis group constantly stress tests the funds to determine the likely future returns.
Of course, there are no guarantees and past performance is no indication of future returns, but it’s worth remembering that BlackRock is the world’s biggest asset manager and past performance is a good indicator of how an asset manager is doing at any given time.
Penfold’s investment range has performed extremely well between June 2020 and December 2021:
According to a recent independent study Penfold’s Lifetime Plan, which includes BlackRock's MyMap 6 fund, has seen better returns than a selection of major workplace pension providers.
In the year to 31st December 2021 the Lifetime Plan achieved a 16.0% return, with 9.8% annualised growth over the last five years to 30th June 2021 once fees have been deducted.
Since the underlying BlackRock MyMap 6 fund was launched in May 2019, it has returned 16.3% on an annualised basis.