In partnership with Amundi UK, Moneybox has launched three new funds which will be available to pension customers from today (8 December).
“Our mission is to give everyone the means to get more out of life – whether they’re saving and investing, buying their first home, or planning for retirement.
“The launch of the Moneybox funds marks a major milestone in our ambition to become a lifelong wealth partner to millions across the UK,” explained Charlie Mortimer, co-founder of Moneybox.
“Since 2019, we’ve been building the foundations for scalable and innovative retirement solutions. These new funds demonstrate how we can bring world-class investment expertise to our customers in a simple, affordable, and effective way.”
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Moneybox customers can now access a range of risk and return profiles, depending on their life stage: IFSL Moneybox Cautious Fund, IFSL Moneybox Balanced Fund, and IFSL Moneybox Adventurous Fund.
As part of the launch, Moneybox will introduce two of the new funds as a default investment option for pension customers.
Those aged 50 or below will default into the IFSL Moneybox Adventurous Fund, while customers aged 50+ will default into the IFSL Moneybox Balanced Fund.
The funds have capped ongoing charge figures (OCF) at 0.29% a year and Moneybox will only charge a 0.15% annual service fee, replacing its current platform rate.
Eric Bramoullé, CEO of Amundi UK, added: “We’re proud to partner with Moneybox to bring Amundi’s leadership in multi-asset and ETF capabilities to UK retirement savers.
“This strategic collaboration underscores Amundi’s long-term commitment to the UK market and digital wealth, as well as the critical importance we place on delivering better retirement outcomes.”
Investment Fund Services Limited (IFSL), part of the Marlborough Group, acts as the Authorised Corporate Director (ACD) for these funds.
As ACD, IFSL is responsible for ensuring the funds meet the highest standards of governance and comply with Financial Conduct Authority (FCA) regulations.
