Pensions can be overwhelming, with complex jargon and difficult decisions. We're on a mission to simplify pensions and make them accessible to everyone.
Penfold is inclusive, designed initially for the self-employed but open to everyone—employees, freelancers, business owners, and more. We offer a completely online, jargon-free experience, making pensions easy to understand and set up.
Our service is 100% flexible. You can pause contributions at any time, adjust payment amounts, change payment dates, or make one-off top-ups without extra costs.
We charge one simple annual fee. If you joined Penfold through your employer, your annual fee is agreed directly between your employer and Penfold, and may vary from our standard rate – it's often reduced. We'll always tell you the exact fee that applies to you before you join. If you opened your pension directly with Penfold, our standard annual fee is 0.75% (or 0.88% for the Sharia Plan) of the value of your pension pot.
If your pension pot exceeds £100,000, the annual fee on the portion above this amount is reduced to 0.40% (or 0.53% for the Sharia Plan).
Transferring old pension pots to Penfold is easy and free, with no paperwork required from you.
We build partnerships with brands you love to make saving and managing returns easier. For example, Starling customers can manage their pensions directly from their Starling dashboard.
Our 5-star customer service listens to every word from our customers. We resolve issues quickly, value feedback, and take requests for new features seriously. Our reviews speak for themselves!
We simplify investing by offering carefully chosen, low-cost, diversified portfolios without overwhelming you with options or jargon. We've also launched the Penfold Plan, which is exclusive to Penfold. More on that here!