HSBC launches World Selection pension plan

HSBC has launched a new personal pension plan that enables customers to tap into its worldwide investments.

The World Selection Personal Pension is based on the bank’s multi-manager, multi-asset World Selection portfolios.

Benefits of the plan include a tax-efficient wrapper, and a more stable investment, HSBC said.

“Customers have consistently told us they don’t want the rollercoaster ride of volatile investments, but they do want the ability to share in global growth opportunities,” said David Wells, HSBC’s head of investments, pensions and savings.

Customers on the plan can track and influence what their retirement income may look like by accessing their pension fund online and managing contributions.

The World Selection Pension Plan is available from HSBC financial planning managers in HSBC branches.

HSBC is one of the largest banking groups in the world, with offices in 86 countries and 15.6 million customers in the UK.

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