Which fund will my employees be enrolled into?
All employees are automatically enrolled into the Penfold Plan when they join your workplace pension scheme.
The Penfold Plan is our default investment option and is designed to suit a wide range of savers by providing a diversified, professionally managed investment portfolio.
You can learn more about the Penfold Plan, including how it invests and its objectives, on our website:
Can I choose which fund my employees are automatically enrolled into?
No. All employees are automatically enrolled into the Penfold Plan.
Once they've activated their Penfold account, employees can choose to switch to one of our other available investment funds at any time if they prefer a different investment approach.
Changing investment funds is entirely the employee's choice. Employers can't select or change investment funds on behalf of their employees.
Can employees change their investment fund later?
Yes. Once employees have access to their Penfold account, they can review the available investment options and switch funds whenever they wish.