Why choose a Virgin Pension?

The Virgin Personal Pension is a stakeholder pension. Stakeholder pensions are simply a type of personal pension which guarantee to meet certain standards.

Read more about the guaranteed standards for stakeholder pensions and how we continue to beat them

Simple charges

Our pension has no upfront or monthly charges. This means more of the money you pay in works hard from day one.

There’s an ongoing charge of 1% of the value of your fund.

You're not tied to rigid payments

You can stop, start or change your payments into your pension any time without penalty. Simply pay in a bit more or a bit less, as and when you can afford it.

Please remember, stopping or reducing your payments will reduce the amount you get back from your pension.

24/7 online service

Our service doesn't stop once you've taken out a Virgin Pension. Every six months we write to let you know how your savings are doing.

You can also keep track of your pension 24 hours a day online. And if you need to call us, our call centre is open until 9pm weekdays and 6pm on Saturdays.

Exclusive range of customer offers

Plus, as a Virgin Money customer you'll be entitled to a great range of deals and discounts with other Virgin companies and big name brands.

Why choose a Virgin Pension?

Our investment approach

In the early days, our focus is on growing your money in our Pension Growth Fund. It works by locking your money into the long-term potential of the UK stock market, using an investment approach called ‘index-tracking’.

As you near retirement, looking after the money you’ve invested becomes the priority, so we gradually move your money into our lowest risk fund, the Pension Income Protector Fund.

This simple approach is sometimes referred to as ‘lifestyling’.

Read more about our investment approach

Prefer to pick your own funds?

We automatically apply our lifestyling approach to our Personal Pension. If you would prefer to choose yourself where your money is invested, you can pick from our range of five funds instead. Remember, if you choose your own funds, the automatic lifestyling approach will be turned off.

Read more about our five funds

Remember, the value of investments can go down as well as up and your child may get back less than invested.

Why choose a Virgin Pension?

You can pick from our five pension funds

You can start your pension using our tried and tested lifestyling approach. Or, if you would prefer to choose yourself where your money is invested, you can pick from our range of five funds instead.

How our funds compare

Find out more about our funds:

Virgin Pension Income Protector Fund

The Virgin Pension Income Protector Fund puts your money into fixed income investments such as gilts and corporate bonds and is our lowest risk pension fund.

It invests half your money in UK Government bonds (known as 'gilts') and half in a range of highly rated corporate bonds of leading UK and European companies. Although bonds and gilts can fall in value, historically they have been less likely to go through the dramatic ups and downs of the stock market. However, they can be affected by things like inflation and interest rate changes.

You can invest in any or all of our pension funds and switch between them whenever you like, for no extra charge. Don’t forget, whenever you opt to choose your own funds, the automatic lifestyling approach will be turned off.

How our funds compare

Remember, the value of your investments can go down as well as up and you may get back less than you invest. You should also remember that past performance is not a reliable guide to the future.

Prefer to let us choose the funds?

If you are not comfortable choosing yourself where your money is invested, simply opt for our lifestyling approach and your money will automatically be invested in two funds: the Virgin Pension Growth Fund and the Virgin Pension Income Protector Fund.

Virgin Pension Bond, Gilt and UK Share Fund

The Virgin Pension Bond, Gilt and UK Share Fund aims to grow your investment, but with a lower level of risk than our other pension funds containing a higher proportion of shares.

It uses half your money to buy highly rated corporate bonds and government gilts, and the other half to buy shares in UK companies.

Although bonds and gilts can fall in value, historically they have been less likely to go through the dramatic ups and downs of the stock market. However, they can be affected by things like inflation and interest rate changes. Shares normally provide better rewards but with a higher level of risk than cash savings, bonds and gilts.

You can invest in any or all of our pension funds and switch between them whenever you like, for no extra charge. Don’t forget, whenever you opt to choose your own funds, the automatic lifestyling approach will be turned off.

How our funds compare

Remember, the value of your investments can go down as well as up and you may get back less than you invest. You should also remember that past performance is not a reliable guide to the future.

Prefer to let us choose the funds?

If you are not comfortable choosing yourself where your money is invested, simply opt for our lifestyling approach and your money will automatically be invested in two funds: the Virgin Pension Growth Fund and the Virgin Pension Income Protector Fund.

Virgin Pension Bond, Gilt, UK and Overseas Share Fund

The Virgin Pension Bond, Gilt, UK and Overseas Share Fund aims to grow your investment by putting your money into a range of investments.

It uses half your money to buy shares in UK companies, with a further quarter invested in developed overseas stock markets such as the US and those across Europe. The remainder is invested in highly rated corporate bonds and government gilts.

Although bonds and gilts can fall in value, historically they have been less likely to go through the dramatic ups and downs of the stock market. However, they can be affected by things like inflation and interest rate changes. UK and overseas shares normally provide better rewards but with a higher level of risk than cash savings, bonds and gilts.

You can invest in any or all of our funds and switch between them whenever you like, for no extra charge. Don’t forget, whenever you opt to choose your own funds, the automatic lifestyling approach will be turned off.

How our funds compare

Remember, the value of your investments can go down as well as up and you may get back less than you invest. You should also remember that past performance is not a reliable guide to the future.

Prefer to let us choose the funds?

If you are not comfortable choosing yourself where your money is invested, simply opt for our lifestyling approach and your money will automatically be invested in two funds: the Virgin Pension Growth Fund and the Virgin Pension Income Protector Fund.

Virgin Pension Growth Fund

The Virgin Pension Growth Fund aims to grow your investment by putting all your money into UK shares.

It uses your money to buy shares in the 600+ UK companies listed on the FTSE All-Share Index. Shares normally provide higher rewards but with a higher level of risk than cash savings, or bonds and gilts.

You can invest in any or all of our pension funds and switch between them whenever you like, for no extra charge. Don’t forget, whenever you opt to choose your own funds, the automatic lifestyling approach will be turned off.

How our funds compare

Remember, the value of your investments can go down as well as up and you may get back less than you invest. You should also remember that past performance is not a reliable guide to the future.

Prefer to let us choose the funds?

If you are not comfortable choosing yourself where your money is invested, simply opt for our lifestyling approach and your money will automatically be invested in two funds: the Virgin Pension Growth Fund and the Virgin Pension Income Protector Fund.

Virgin Pension Global Share Fund

The Virgin Pension Global Share Fund aims to grow your investment, but has a higher level of risk than our other pension funds.

It uses half your money to buy shares in developed stock markets overseas, in places like the US or Germany. A quarter of your money is used to buy shares in UK companies, with the remaining quarter used to buy shares in emerging countries such as China and Brazil, which offer higher potential returns.

Shares normally provide better rewards but with a higher level of risk than cash savings, bonds and gilts. Emerging market shares generally have a higher level of risk than UK and overseas shares.

You can invest in any or all of our pension funds and switch between them whenever you like, for no extra charge. Don’t forget, whenever you opt to choose your own funds, the automatic lifestyling approach will be turned off.

How our funds compare

Remember, the value of your investments can go down as well as up and you may get back less than you invest. You should also remember that past performance is not a reliable guide to the future.

Prefer to let us choose the funds?

If you are not comfortable choosing yourself where your money is invested, simply opt for our lifestyling approach and your money will automatically be invested in two funds: the Virgin Pension Growth Fund and the Virgin Pension Income Protector Fund.

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