Pension Plans

We’ve partnered with HSBC and Vanguard, two of the world’s largest financial companies, who manage Penny’s pension plans.

Pension savings are invested in plans with the goal of growing over time.


When you move your old pensions into your Penny pension account, you can choose 1 of 3 plans. Each plan invests your pension savings into a fun.

Investments can go up as well as down. Capital at risk.

The Balanced Plan

Invests your savings in a range of global companies, bonds and cash.

Fund: HSBC Global strategy balanced

Fund: HSBC Global strategy
balanced

RISK/REWARD profile: 4 / 7

annual management charge: 0.75%

annual management charge:
0.75%

The Ethical Plan

Invests your savings in companies that have made sustainability pledges.

Fund: VANGUARD ESG DEVELOPED WORLD

Fund: VANGUARD ESG
DEVELOPED WORLD

RISK/REWARD profile: 5 / 7

annual management charge: 0.78%

annual management charge:
0.78%

The Cautious Plan

Invests your savings cautiously, to reduce risk and preserve money.

Fund: HSBC Global strategy CAUTIOUS

Fund: HSBC Global strategy
CAUTIOUS

RISK/REWARD profile: 3 / 7

annual management charge: 0.75%

annual management charge:
0.75%

Change plan any time

Select the plan that's right for you, and change it at any time in the Penny app.

Whether you’re a 👨‍🍳, a 👷, or an 👩‍🚀, you’ve probably got lots of 💷 in a pension.

See it all,
in the Penny app 📲

Pensions are long term investments. Capital at risk.

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.

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

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.

As your investments will have to be sold before your pension can be transferred, you will not be invested in the market for a few weeks.

© 2023 Penny Technology Limited.


Penny is a trading name of Penny Technology Limited, which is authorised and regulated by the Financial Conduct Authority (ref: 931299), and registered in England and Wales (no: 11999643).
Penny automatically brings your pensions from old jobs together in an award-winning pension app.

Whether you’re a 👨‍🍳, a 👷, or an 👩‍🚀, you’ve probably got lots of 💷 in a pension.

See it all,
in the Penny app 📲

Pensions are long term investments. Capital at risk.

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.

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

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.

As your investments will have to be sold before your pension can be transferred, you will not be invested in the market for a few weeks.

© 2023 Penny Technology Limited.


Penny is a trading name of Penny Technology Limited, which is authorised and regulated by the Financial Conduct Authority (ref: 931299), and registered in England and Wales (no: 11999643).
Penny automatically brings your pensions from old jobs together in an award-winning pension app.

Whether you’re a 👨‍🍳, a 👷, or an 👩‍🚀, you’ve probably got lots of 💷 in a pension.

See it all,
in the Penny app 📲

Pensions are long term investments. Capital at risk.

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.

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

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.

As your investments will have to be sold before your pension can be transferred, you will not be invested in the market for a few weeks.

© 2023 Penny Technology Limited.


Penny is a trading name of Penny Technology Limited, which is authorised and regulated by the Financial Conduct Authority (ref: 931299), and registered in England and Wales (no: 11999643).
Penny automatically brings your pensions from old jobs together in an award-winning pension app.