Provider comparison
Penfold vs Aviva
Side-by-side comparison from the PerkIQ directory. Cover, pricing, regulator status, and fit at a glance.
Category
Pension & Retirement
Pension & Retirement
Best for
Small and growing businesses
Businesses of all sizes
Pricing model
Free for employers; members pay one annual fee
On request
UK presence
Since 2019
UK insurer
Regulator
FCA-authorised (see FCA Register)
FCA and PRA regulated insurer (see FCA Register)
Strapline
Penfold is a digital pension provider offering workplace pensions for employers and personal pensions for the self-employed.
Aviva offers workplace pensions for employers, including a group personal pension and a master trust, alongside group protection.
What's included
- App-based pension. Members see their pot, change contributions and choose funds in the app.
- Free for employers. No charge to the business for the workplace pension.
- Workplace and self-employed. Employees and self-employed people can both use Penfold.
- Online set-up. Employers set up the scheme online.
- Group personal pension. A contract-based workplace pension for auto-enrolment.
- Aviva Master Trust. A trust-based workplace pension run by a trustee board.
- Group protection. Group life and income protection available alongside the pension.
- Direct or through an adviser. Available directly or through a financial adviser or broker.
At a glance
- FCA-authorised
- Launched 2019
- Free for employers
- Self-employed pensions too
- FCA and PRA regulated
- Group personal pension
- Master trust option
- Group protection available
Pick the right one with data, not a sales pitch
Score your benefits stack with PerkIQ and you'll see which of these (or another provider entirely) closes the biggest gaps for your team.
Information on this page is editorial, gathered from public sources and the providers' own materials, and does not constitute financial advice or a recommendation. For a quote, contact each provider directly or speak to an FCA-authorised broker. PerkIQ is not a reseller and earns no commission on provider sign-ups.