Hargreaves Lansdown offers a free pension for the rest of the tax year

May 3, 2026

HL is making its Ready-Made Pension Plan free for a year, for new and existing HL clients who open an HL SIPP for the first time.

Doug Abbott, Chief Product Officer, Hargreaves Lansdown:

“Our Ready-Made Pension Plan gives clients exclusive access to a market-leading, all-in-one pension managed by HL’s experts, designed to grow their pot over their working lives and automatically derisk as they approach retirement. Many pay an adviser for this kind of service, but tens of thousands of our clients are already using our plan as a simple and great value way to save for their future. This offer gives new pension clients a chance to contribute and consolidate with no cost for their first year.”

Details of the offer

New and existing HL clients who open an HL SIPP for the first time and invest in the HL Ready-Made Pension Plan during the offer period will pay nothing to build their pension wealth for the rest of this tax year.
This offer is open to anyone who hasn’t previously opened an HL SIPP – this can be brand new clients or existing HL clients who hold other accounts, such as a Stocks and Shares ISA or Active Savings.
To qualify, they just need to open an HL SIPP for the first time between 1 May 2026 to 1 July 2026 and invest in the HL Ready-Made Pension Plan. The minimum investment amount is a lump sum of £100 or £25 a month. No opt in is required – the offer will be automatically applied.
They can open their HL SIPP by making a contribution or by transferring existing pensions.
They won’t be charged a platform fee on their HL Ready-Made Pension Plan holding until 30 April 2027.
The fund management charge will be charged at source and then clients will receive a payment at the start of May 2027 to cover this amount.
Any other holdings in their SIPP will be charged as normal.
Full terms are available here: Offer terms

About the HL Ready-Made Pension Plan

The Ready-Made Pension Plan offers a hassle-free way to invest for retirement. It’s professionally managed by HL’s experts and designed to grow our clients’ pensions over the long term. The plan has two stages:
- When more than eight years from retirement, the plan is set up for long-term growth. With this timeframe, pension savers can ride out market ups and downs and take on more risk.
- As they get closer to retirement, their money is gradually moved into less risky investments to shelter their pension from market fluctuations and get it ready to take an income.

The HL RMPP is made up of two funds: HL Multi-Index Moderately Adventurous and HL Multi-Index Cautious.
It automatically adjusts between the funds as the client gets closer to retirement to help shelter their money – lots of other ready-made pension solutions don’t do this automatic lifestyling.
The HL RMPP is for people who need experts to make the day-to-day decisions, are comfortable with medium-high investment risk for growth and want lower investment risk closer to retirement age. It’s a perfect solution for people who want to take control and consolidate old pensions, but don’t know where to invest.
After the offer period, the total yearly charge will return to 0.45%, made up of an account charge of 0.15% and a fund charge of 0.30%. It’s also free to buy and free to sell online.
You can find all the details about the plan online: HL Ready-Made Pension Plan.

Supporting data points

Since the launch of the fund in November 2023:

33% of new SIPPs opened since it launched hold the HL RMPP, rising to 40% where the SIPP is the client’s first product with HL – a great solution to introduce people to pension saving, which is why this is the focus of our incentive.
AUM has grown to £900m with around 47,000 investors.
Total return of 40% for Growth stage fund and 23% for De-risking stage fund.

Since the recent price change announcement:

Over 7,000 new RMPP investors – a 35% increase in new RMPP clients vs the three months prior.
£123m net flows – a 45% increase in flows into the RMPP vs the three months prior.

What HL Ready-Made Pension Plan investors look like:

12% of HL SIPP clients have invested in the HL RMPP.
The solution is popular with more beginner investors, earlier in their pension saving journey:
HL SIPP clients who have invested in the RMPP are younger on average – mean age of 41 for those invested in it vs 49 for those who haven’t.
The average HL SIPP AUA of HL RMPP clients is just over £40,000, compared to £93,000 for those without.
Around 60% of HL RMPP investors don’t hold any other investments in their SIPP – many use it as the all-in-one solution it is intended to provide.

In a recent survey of more than 500 clients:

89% of respondents said they would recommend the HL RMPP to friends or family
89% of respondents found it easy to transfer their pension to HL
91% of respondents who recently transferred to RMPP now find it easier to see the value of their pension