The Penfold Plan 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, Standard and Sustainable 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 Plan.