Provider comparison
TPT Retirement vs Penfold
Side-by-side comparison from the PerkIQ directory. Cover, pricing, regulator status, and fit at a glance.
Category
Pension & Retirement
Pension & Retirement
Best for
Employers and pension scheme trustees
Small and growing businesses
Pricing model
On request
Free for employers; members pay one annual fee
UK presence
Since 1946
Since 2019
Regulator
See The Pensions Regulator's master trust list
FCA-authorised (see FCA Register)
Strapline
TPT Retirement Solutions is a pension consolidation specialist running defined contribution and defined benefit master trusts.
Penfold is a digital pension provider offering workplace pensions for employers and personal pensions for the self-employed.
What's included
- DC master trust. A defined contribution workplace pension run by a trustee board.
- DB consolidation. Options for defined benefit schemes looking to consolidate.
- Responsible investment. Long-standing focus on investing responsibly.
- Owned by a pension fund. TPT is owned by a pension fund rather than shareholders.
- 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.
At a glance
- Operating since 1946
- DC and DB master trusts
- Pension consolidation specialist
- Responsible investment
- FCA-authorised
- Launched 2019
- Free for employers
- Self-employed pensions too
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.