About Penfold
Penfold launched in 2019 and runs its pensions through an app, where members can see their pot, change contributions and choose funds. Employers can set up a workplace pension, and self-employed people can hold a Penfold pension on their own.
Penfold says its workplace pension is free for businesses, with members paying one annual fee. Penfold Savings Limited is authorised and regulated by the FCA. Profile written by PerkIQ.
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.
Compare with
Smart Pension
Smart Pension runs a workplace pension master trust with a digital set-up for employers and an app for...
Compare →Aviva
Aviva offers workplace pensions for employers, including a group personal pension and a master trust,...
Compare →NEST
Nest is the workplace pension scheme set up to support automatic enrolment. It is free for employers to use.
Compare →Building a benefits stack? Start with the gaps.
Score your current package against the UK SME market in 5 minutes, see exactly where Penfold (or alternatives) fit, and get a tailored shortlist.
Information on this page is editorial, gathered from public sources and provider materials, and does not constitute financial advice or a recommendation. For a quote, contact Penfold directly or speak to an FCA-authorised broker. PerkIQ is not a Penfold reseller and earns no commission on provider sign-ups.