Choosing a pension fund
When you start a workplace pension or a private pension you may be given a choice of pension funds, so that you can make a broad decision about how your money is invested. Many people just opt for their pension provider’s default pension fund, which is designed to be suitable for a wide range of people. If you are unsure about whether you have a pension our “Do I have a pension?” tool could be a good starting point.
Good pension funds invest in a range of assets to help manage your risk. Asset types include shares, bonds, property and cash.
You can pick a pension fund based on things like investment type, investment location and risk profile, but all the specific investment decisions will be made by the pension fund’s experts.
Things are a bit different when it comes to defined benefit pension schemes. Because these pension plans promise a specific retirement income, investment decisions are made by the scheme’s board of trustees. You can find out more about different types of pensions here.
PensionBee pension funds
Our plans all invest your money into diversified pension funds, but each plan has a different mix of assets and a different approach to investment decisions. You can find out more about the PensionBee plans here.
If you like the look of the PensionBee plans, sign up to PensionBee to combine all your pensions into a single new plan that you can manage online.
Risk warning
As always with investments, your capital is at risk. The value of your investment can go down as well as up, and you may get back less than you invest. This information should not be regarded as financial advice.
Last edited: 06-04-2024
