Today, workplace pension schemes must automatically enrol all eligible employees.
This means that if you don't wish to take part, you'll need to manually opt-out.
If you do opt-out, you’ll no longer have any pension contributions deducted from your payslips, and you also won’t receive any additional contributions from your employer
The money that sits in your Penfold pension will remain there and will continue to be invested as normal - you just won't have any more contributions paid in each month.
You can opt-out at any time by letting us know. You can also opt back in whenever you like.