Penfold charges either 0.75% (for BlackRock’s funds), or 0.88% (for HSBC’s Shariah fund) of your total pot each year.
Let’s break this down:
BlackRock’s 0.75% fee.
- This includes BlackRock's 0.17% investment platform fee - which is directly paid to BlackRock for investing your money.
- This also includes Penfold’s 0.58% administration fee - which is paid to Penfold and it’s partners for administering your pension.
HSBC’s 0.88% fee
- This includes HSBC’s 0.30% investment platform fee - which is directly paid to HSBC for investing your money.
- This also includes Penfold’s 0.58% administration fee - which is paid to Penfold and it’s partners for administering your pension.
We have no other fees, for exiting, transferring or receiving documents.