What is Penfold?
Penfold is a new, simple, easy and digital kind of pension set up in 2018 and launched in 2019. We’re a digital alternative to traditional pension companies, and we allow our users to set up, manage and track their pensions online or on a smartphone. We’re specifically built with freelancers and the self-employed in mind. Penfold was set up in May 2018, and became regulated by the Financial Conduct Authority in May 2019.
Is it easy to set up?
Sorting out your pension with Penfold should take less than 10 minutes and can be done in one go, online. We will need to verify your identify, so you’ll need a national insurance number and UK bank account as well as (for now), a UK address. You can open a Penfold pension with as little as £10 a month.