You pay investment costs when we invest your pension savings. These costs include, among other things, fees paid to external portfolio managers, transaction costs incurred when buying and selling securities, and the salaries of employees in our investment team.

Among the most cost-effective in the pension sector

In P+ we keep your investment costs low by having the majority of our assets managed by external investment managers. In addition, a significant share of our portfolio is invested through passive investment strategies, meaning that we invest broadly across the market rather than selecting individual securities ourselves. 

Together, these approaches help ensure that you benefit from some of the lowest investment costs in the pension sector.

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