The Moneybox Pension currently has four Starting funds for you to invest in: the Fidelity Index World Fund, Old Mutual World ESG Index fund, HSBC Islamic Global Equity Index Fund or the BlackRock LifePath fund.
The Fidelity Index World Fund is a global tracker fund, with shares in more than 1500 companies across 23 countries.
The Old Mutual World ESG Index Fund is our Socially Responsible investment option. This fund invests in a range of companies from across the developed global stock market but considers environmental, social and governance (ESG) factors in its selection process. These factors include things like how companies respond to climate change, treat their workers and manage their supply chains.
The HSBC Islamic Global Equity Index Fund is our Shariah compliant fund. It follows the principles of Islamic finance by excluding industries such as alcohol and tobacco.
The BlackRock LifePath fund is a ‘Lifestyle’ fund that changes the balance of investments as you get closer to your retirement date. When you select this fund you’ll be asked to select the one with a target date that matches when you think you will retire. If you’re unsure of this, we recommend that you speak with an independent advisor.
In addition to these starting options, we offer 7 further tracker funds you can invest in. More information of each fund can be found in Settings > Allocations:
Fidelity Index Emerging Markets Fund P Acc - Emerging Markets Equities
Legal & General Global Health & Pharmaceuticals Index - Healthcare Equities
Legal & General Global Technology Index - Technology Equities
Royal London Emerging Markets ESG Leaders - Emerging Market Equities
iShares Global Property Equity - Global Property Shares
iShares ESG Overseas Corporate Bonds Index - Corporate Bonds
iShares Overseas Government Bond Index - Govt. Bonds
You can change which fund to invest your pension in at any time in Settings > Allocations. This can be selected for ‘future’ - in which all future transfers or deposits would be invested into the newly selected fund, or for ‘all’. Please note that ‘all’ will sell down all of your existing units in the originally selected fund to purchase units in the new fund, so you would be 'out of the market’ for a short time.