You pay investment costs when we invest your pension savings. Investment costs include fees to external portfolio managers, transaction costs when we buy and sell securities and salaries for the employees in our investment team.

Among the lowest costs in the sector

In P+ we keep your investment costs low by having the majority of our assets managed by external assets managers. At the same time, a large proportion of our investments are passively managed. This means that we invest broadly in the market rather than selecting individual investments ourselves. 

Both of these factors help ensure that you have some of the lowest investment costs in the pension sector in P+.

Unlike administrative costs, investment costs depend on the value of your pension savings. You can get an estimate of your investment costs in our cost calculator