The Moneybox Personal Pension has a number of different fund options that make investing for your retirement simple and easy.
If you don’t feel confident managing your own investments and are looking for a simple way to build your retirement savings, you could consider the Starter Fund - LifePath Retirement.
The Starter Fund is the default investment option offered to the members of the Moneybox Pension. The Starter Fund is intended to meet the needs of a wide range of our customers with a Moneybox Pension – people of different ages, backgrounds and income levels. There is no guarantee that it will be suitable for your particular retirement goals. This fund adjusts your pension as you go through life. It automatically moves your money from higher growth assets when you’re younger, through to safer investments as you get closer to your retirement year.
In addition to the Starter Fund, we offer 10 further tracker funds you can invest in. These funds can be found in Settings > Allocations and are:
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 Equity Tilt Fund - Emerging Market Equities
iShares Global Property Equity - Global Property Shares
iShares ESG Screened Overseas Corporate Bond Index Fund (UK) - Corporate Bonds
iShares Overseas Government Bond Index - Govt. Bonds
Fidelity Index World Fund - Global Tracker Fund
Old Mutual World ESG Index Fund - ESG Global Tracker Fund
HSBC Islamic Global Equity Index Fund - Shariah Compliant
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.