Does Penfold charge employers any fees?
No. Penfold does not charge employers any fees to set up or manage a workplace pension scheme.
There are:
No setup fees
No ongoing employer fees
No monthly administration fees
No charges for making employer contributions
Are there any costs for employees?
Employees pay an annual management fee on their pension savings. This fee is deducted from their pension pot and is not paid separately.
You can find more information about member charges in our article: Charges Guide.
Still have questions?
If you'd like to know more about how Penfold's workplace pension works, contact our Customer Support team at autoenrolment@getpenfold.com and we'll be happy to help.