Reduce Employer NICs: Salary Sacrifice Pensions
Invest in your future along with your sustainability preferences without sacrificing returns.
As with all investments, your capital is at risk.
We believe that environmental, social and governance (ESG) matters are crucial for the future of our planet.
Our Sustainable plans aim to balance positive impact with potential returns, aligning your savings with your values.
The Sustainable plan has a simple all-in fee structure: an annual fee of 0.75% for savings under £100,000, and 0.4% for any amount over £100,000.
We're proud to collaborate with BlackRock, the world's largest investment manager, to protect and grow our customers' pension savings with our Sustainable plan through BlackRock’s MyMap Select ESG funds.
BlackRock's MyMap Select ESG funds invest across thousands of companies and other assets with the following objectives:
Tailor your pension to fit your stage of life and investment preferences. It's easy to adjust your risk level in a couple of taps, online or with our app.
More than 15 years from retiring. Aims for long term growth. 100% exposure to sustainable equities.
Around 3 to 15 years from retiring. Aims for moderate growth. Balanced risk profile across sustainable investments.
Retiring in the next 2 to 3 years. Aims to protect your pot value. Low risk sustainable investments.
There is more information on BlackRock's website for each of the funds that our Sustainable plan risk levels use:
Our Sustainable pensions balance investments in stocks, which generally have more growth potential and ups and downs, and bonds, which are usually more stable:
ESG stands for Environmental, Social and Governance – three key factors used to measure the impact a company has on the world beyond just profit.
When you hear “ESG investing”, it means choosing investments in companies that do good (or at least try to!) in these areas – while still aiming to grow your money.
The underlying BlackRock MyMap Select ESG funds which make up our Sustainable Plan have a climate goal to reduce carbon emission intensity relative to an equivalent non-sustainable asset mix by at least 30%.
BlackRock also target a reduction in carbon emission intensity over periods of five consecutive years on a rolling quarterly basis.
Once your Penfold pension has been set up, tap 'Your Plan' on the dashboard. There you can switch your pension investment option to our Sustainable or Lifetime plans, or one of four of our Standard plans.
Find out more about our other pension plans.
Give your team a top pension and boost their financial wellbeing
Boost your benefits package to keep and tempt the best talent
Get industry-beating account management at no extra charge