Funds

Penny offers a range of three funds: Balanced, Cautious and Ethical. Each fund is managed by either HSBC or Vanguard, two of the world’s largest fund managers.

Please see below for more information on each of the three funds, as well as the link to each fund's Key Investor Information Document (KIID).

Balanced Fund

The Balanced Fund is Penny's default fund. It is managed by HSBC. The full name of the Balanced Fund is: HSBC Global Strategy Balanced Portfolio (Accumulation) C.


Fund Fact Sheet ›

Cautious Fund

The Cautious Fund has a lower risk rating than the Balanced Fund. It is managed by HSBC. The full name of the Cautious Fund is: HSBC Global Strategy Cautious Portfolio (Accumulation) C.

Ethical Fund

The Ethical Fund aims to screen out certain investments based on environmental, social and governance criteria. It is managed by Vanguard. The full name of the Ethical Fund is: Vanguard ESG Developed World All Cap Equity Index Fund.

Pensions are long term investments. Investments can go up as well as down. Capital at risk. Investments in Penny Pension Plans are eligible for protection from the Financial Services Compensation Scheme (FSCS).

You've probably got thousands of pounds in pensions.
Find and transfer it all, in the Penny app.

SOME IMPORTANT THINGS YOU SHOULD KNOW

Pensions are long terms investments. It’s important that you know the value of your investment could go up as well as down. You could get back less than you put in. Past performance is not necessarily a guide to the future and pension investing is not intended to be a short-term option. Penny does not provide financial advice so please be sure that this investment is right for you.

Your current pension might have special benefits that will be lost if you transfer to Penny. These special benefits include: Guaranteed Annuity Rate (GAR), Guaranteed Bonus Rate (GBR), Guaranteed Minimum Pension (GMP) and Protected Tax Free Cash (PFTC) over 25%. If this is the case, we will not transfer your pension, as you may be better off not transferring in these cases.

Your current provider might charge you a transfer-fee to transfer your pension to Penny. If this is the case, we will not transfer your pension, as you may be better off not transferring in these cases.

You should consider the charges and benefits before transferring your old pensions to your new plan, and consider whether the risk and reward profile of the investments offered matches your needs. It may be that your current provider has lower fees than Penny - where this is the case, we recommend that you carefully consider whether to transfer your pension to Penny, as you may be better off not transferring in these cases.


If you are in any doubt about proceeding you should contact a financial adviser.

© Copyright 2023 Penny Technology Limited. Company registration: 11999643. FCA Reference Number: 9313299.

You've probably got thousands of pounds in pensions.
Find and transfer it all, in the Penny app

SOME IMPORTANT THINGS YOU SHOULD KNOW

Pensions are long terms investments. It’s important that you know the value of your investment could go up as well as down. You could get back less than you put in. Past performance is not necessarily a guide to the future and pension investing is not intended to be a short-term option. Penny does not provide financial advice so please be sure that this investment is right for you.

Your current pension might have special benefits that will be lost if you transfer to Penny. These special benefits include: Guaranteed Annuity Rate (GAR), Guaranteed Bonus Rate (GBR), Guaranteed Minimum Pension (GMP) and Protected Tax Free Cash (PFTC) over 25%. If this is the case, we will not transfer your pension, as you may be better off not transferring in these cases.

Your current provider might charge you a transfer-fee to transfer your pension to Penny. If this is the case, we will not transfer your pension, as you may be better off not transferring in these cases.

You should consider the charges and benefits before transferring your old pensions to your new plan, and consider whether the risk and reward profile of the investments offered matches your needs. It may be that your current provider has lower fees than Penny - where this is the case, we recommend that you carefully consider whether to transfer your pension to Penny, as you may be better off not transferring in these cases.


If you are in any doubt about proceeding you should contact a financial adviser.

© Copyright 2023 Penny Technology Limited. Company registration: 11999643. FCA Reference Number: 9313299.

You've probably got thousands of pounds in pensions.
Find and transfer it all,
in the Penny app.

SOME IMPORTANT THINGS YOU SHOULD KNOW

Pensions are long terms investments. It’s important that you know the value of your investment could go up as well as down. You could get back less than you put in. Past performance is not necessarily a guide to the future and pension investing is not intended to be a short-term option. Penny does not provide financial advice so please be sure that this investment is right for you.

Your current pension might have special benefits that will be lost if you transfer to Penny. These special benefits include: Guaranteed Annuity Rate (GAR), Guaranteed Bonus Rate (GBR), Guaranteed Minimum Pension (GMP) and Protected Tax Free Cash (PFTC) over 25%. If this is the case, we will not transfer your pension, as you may be better off not transferring in these cases.

Your current provider might charge you a transfer-fee to transfer your pension to Penny. If this is the case, we will not transfer your pension, as you may be better off not transferring in these cases.

You should consider the charges and benefits before transferring your old pensions to your new plan, and consider whether the risk and reward profile of the investments offered matches your needs. It may be that your current provider has lower fees than Penny - where this is the case, we recommend that you carefully consider whether to transfer your pension to Penny, as you may be better off not transferring in these cases.


If you are in any doubt about proceeding you should contact a financial adviser.

© Copyright 2023 Penny Technology Limited. Company registration: 11999643. FCA Reference Number: 9313299.