The Penfold Lifetime comes at no extra cost.
If you opened your pension directly with Penfold, the standard annual fee for the Penfold Plan is 0.75%, the same as our Lifetime, Multi-asset and ESG Plans.
If you joined Penfold through your employer, your annual fee is agreed directly between your employer and Penfold, and may vary from our standard rate – it's often reduced. We'll always tell you the exact fee that applies to you before you join.
For the same annual fee, you'll benefit from new investment options, full FSCS protection, a lower environmental impact, and the opportunity to help shape the future of the Penfold Lifetime.