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How can I change my investment type?

How and when can I change my investment plan or risk level?

Written by Elis

You can change how your pension is invested at any time through your Penfold account.

On the Penfold app

  1. Log in to your Penfold account.

  2. Select the Growth tab from the menu at the bottom of the screen.

  3. Select Change how your pension is invested.

  4. You’ll see two ways to explore your investment options:

    • Curated for you – use the available options to help narrow down the investment plans based on what you're looking for.

    • All – browse all the investment plans available to you.

  5. Select the investment plan you'd like to invest in.

  6. Follow the on-screen instructions to review and confirm your change.

On desktop/web

  1. Log in to your Penfold account.

  2. Select the Growth tab from the menu on the left.

  3. Select Change how your pension is invested.

  4. You’ll see two ways to explore your investment options:

    • Curated for you – use the available options to help narrow down the investment plans based on what you're looking for.

    • All – browse all the investment plans available to you.

  5. Select the investment plan you'd like to invest in.

  6. Follow the on-screen instructions to review and confirm your change.

Once you've confirmed your change, it usually takes 4–5 working days for your fund switch to complete.

You can learn more about the investment plans available to you here: Investment options.

For more information about choosing a risk level, take a look at What risk level should I choose to invest in?.

If you’re unsure about your approach to investing, you can also read our Introduction to investing.

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