The cash in your pension is automatically invested in a HSBC Fund.

All pension providers invest their customers' cash into an investment fund.

The goal is to grow the pension steadily over years.

You will be automatically enrolled into the HSBC Balanced Fund.

This is a "balanced" fund which means it is not highly risky and generally won't have big ups or downs, but instead steadily grows every year.

The risk level is very similar to the funds that other big pension providers use (for example Aviva, Standard Life, etc).

This means the risk level of Penny is very similar to most other pension companies.

You can switch between any of our plans at any point! Balanced Plan 🧠, Cautious Plan 🗓, and Ethical Plan. 🌱