Moneybox funds FAQs

 

1. What are the Moneybox funds?

Moneybox funds are designed to help you grow your money over a minimum of five years.

We’ve partnered with Amundi to develop the funds and investment strategy, which helped us to build them efficiently and affordably using high-quality ETFs (exchange traded funds).

There are three different Moneybox funds to suit your goals:

 

2. Who manages the Moneybox funds?

The funds are managed by Amundi – the largest European investment manager.

At Amundi, a specialist team of eight people based in Dublin is responsible for the day-to-day running of the funds. They have expertise in managing asset allocation solutions and an in-depth understanding of exchange traded fund (ETF) allocation.

 

3. What are the Moneybox fund fees and how are they charged?

For Moneybox funds, we charge a 0.15% service fee (previously called ‘platform fee’) which is capped at £150 a calendar year, and the fund fee is 0.29%.

The service fee is deducted from your largest holding, and you’ll see this every month in your Activity feed.

Fund fees represent the annual costs of running the fund. You won’t see these charges taken out of your investment directly. Instead, they are factored into the fund’s daily value, meaning the performance figures you see are already net of fund fees.

Transaction costs, which are incurred when the underlying holdings are bought and sold, also apply to all funds and are deducted by the investment manager when they calculate the fund price.

 

4. Who are Amundi?

Amundi are one of the world’s biggest investment managers – in fact they look after over £2 trillion for investors around the world.

Amundi operates in 35 countries with around 5,500 employees –offering a wide range of different investment solutions.

Amundi are authorised and regulated by the Financial Conduct Authority (FCA).

 

5. How does Amundi decide what to invest in?

The investment experts at Amundi use a four-step process to build the funds and hand-pick the investments that go into them.

Defining the strategic allocation

Amundi’s team of experts builds a long-term view for the funds. They use macroeconomic scenarios and market analysis to decide on the overall strategy.

Setting the weight of each asset

This step determines how much of each asset, such as stocks or bonds, goes into each fund. The management team does this for each of the three risk levels (Cautious, Balanced, and Adventurous), keeping in mind the specific goals and restrictions of each fund.

Selecting ETFs and building the portfolio

The team identifies the best ETFs to match the allocation and risk level of each fund.

Monitoring the funds

The funds are monitored daily by the management and risk teams at Amundi to ensure they’re achieving their goals.

 

6. What assets do the funds invest in?

Each fund invests in a selection of underlying exchange traded funds (ETFs). This is known as a ‘fund of funds’. The ETFs have exposure to stocks, bonds, and in some cases commodities, from all over the world.

This includes developed countries like the US, Europe, and Asia, as well as emerging countries like China and India.

You can see more information on where your money is being invested in each fund’s factsheet – which you can find in the app.

 

7. How have the funds performed in the past?

The Moneybox funds don’t have a live track record because they were launched in December 2025.

Moneybox selected Amundi to manage the funds based on their history of managing multi-asset funds and the back-testing of the investment strategy. Amundi’s approach has been successfully used for over 35 years to create similar solutions for a wide range of clients.

While the funds themselves are new, the individual ETFs that the funds invest in have their own performance histories, which can be viewed on the Amundi website.

 

8. What protections do the funds have?

The safety of your money is a top priority. Here’s how Amundi ensures it’s protected.

Client money rules: Any money we receive or hold for you is treated as ‘client money’ under rules from the Financial Conduct Authority (FCA). This means we must safeguard your money and never use it for our own purposes.

Separate accounts: Your money is kept in a separate client bank account at an authorised UK bank. This account is kept completely separate from any accounts we use for our own business.

When your money is invested: Your money remains as ‘client money’ until it is used to invest in the funds or paid out to you.

FSCS protection: FSCS protection doesn’t cover investment losses. But if the firm managing the fund went out of business and couldn’t return your money or investments, the Financial Services Compensation Scheme (FSCS) could step in and pay compensation.

 

9. How does the Moneybox default option for Pensions work?

The default option is where we’ll automatically invest your Moneybox Pension contributions if you don’t want to choose your own investments.

This option invests your contributions to a specific fund based on your age at the time you open the pension. It aims to align your initial risk level with your time horizon, at the start of your investing journey. It will not change over time.

How we determine your fund:

If you are under 50: We invest your money in the Adventurous Fund. This is an actively managed fund designed for those with a longer time horizon. It prioritises higher potential growth, accepting that the value may fluctuate more significantly in the short term.

If you are aged 50 or over: We invest your money in the Balanced Fund. This fund generally carries less risk than the Adventurous option, aiming to provide steady growth while you are closer to retirement age.

 

10.How do the Moneybox funds differ to the BlackRock LifePath funds?

Both BlackRock LifePath and Moneybox funds are multi-asset ‘fund of funds’ investing in a range of exchange traded assets. They both invest in a combination of stocks, bonds, and commodities, offering diversified global asset exposure. Most customers will see a less than 10% change in their exposure to stocks when they move from BlackRock LifePath to Moneybox funds although this could vary depending on your specific holdings and allocations..

While there are many similarities between the funds, there are also three key differences to be aware of:

Lifestyling: The Moneybox funds don’t offer any kind of ‘lifestyling’. This means that they will not automatically move your money to lower risk investments as you get closer to retirement age – doing so will be up to you and your individual retirement goals and timeframe. This does not represent advice, and you may wish to consider your own circumstances when adjusting your investments.

Pricing: The total cost of investing in Moneybox funds is lower. For Moneybox funds, we charge a 0.15% service fee (previously called ‘platform fee’) which is capped at £150 a year, and the fund fee is 0.29%. The BlackRock LifePath fund has a higher product fee of 0.45% up to £100K and 0.15% over £100K. There’s no annual cap, and average fund fees are 0.26%. As with all Moneybox fees, our service fee may be reviewed and updated in future in line with our Terms & Conditions. If we make changes, we’ll always notify customers in advance.

As an example, if you had £5k invested in BlackRock LifePath you’d pay fees of £36 (0.71% total cost) compared to £22 (0.44% total cost) in Moneybox funds, saving you £14.

Active management: The investment experts at Amundi use a four-step process to build the Moneybox funds and hand-pick the investments that go into them. The funds are monitored daily by the management and risk teams to ensure they’re achieving their goals and adapting to changing market conditions. This does not guarantee improved performance, but provides a different investment approach compared to BlackRock’s LifePath strategy.