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 Moneybox default option, which will be one of the Moneybox funds. There are three different Moneybox funds to suit your goals:
Cautious: The risk is low, but so are the potential returns. It may be suitable if you’re almost at retirement age.
Balanced: You place similar weighting on risk and return. It may be suitable if you’re starting to approach retirement age.
Adventurous: You’re happy to accept higher risk for potentially higher returns. It may suit you if you’re further away from retirement age.
Your default option is based on your current age to align your risk level with your time horizon to retirement. The default option is intended to meet the needs of a wide range of customers - people of different ages, backgrounds and income levels - and there is no guarantee that it will be suitable for your particular retirement goals.
In addition to the default option, we offer a range of tracker funds you can invest in. These funds can be found in Settings > Allocations and are:
Fidelity Index World Fund
Old Mutual World ESG Index Fund
HSBC Islamic Global Equity Index Fund
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 Shares ESG – Global Property Shares
iShares Overseas Corporate Bonds ESG – 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.