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Pensions that improve financial wellbeing

Help your people feel more confident about retirement – with a modern app and human guidance. And get a workplace pension that's simple and free for employers.

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Your pension pot value can go up or down, but staying invested can help it grow

The pension for businesses who care

91% aren't on track for a comfortable retirement.

Your financial future shouldn’t feel uncertain

31.5 million working-age people aren’t on track for a comfortable retirement. And chances are, many of your team are among them.

But understanding what their pension could mean for their future isn’t always easy. Paper statements. Locked accounts. Pensions spread across different providers.

Employees might not know how much they’ve saved, where their money is invested or whether they’re saving enough.

Even after years of paying into a pension, that uncertainty can leave one pretty big question: Am I going to be okay when I retire?

A hand holds a smartphone displaying a financial app with a pension pot value of £12,392.17 and options for managing contributions.

Better financial wellbeing starts with understanding

A better pension helps your people understand what they have, see where they’re heading and know what they can do next.

  • Understand their pension

    See how much they’ve saved, where their money is invested and how their pension is doing. All without the jargon.

  • See where they’re heading

    See what their pension could provide in retirement and whether they’re on track for the future they want.

  • Know what they can do next

    From changing contributions to bringing old pensions together, Penfold makes it easier to take action when it could make a difference.

Better for your people. Easier for your business.

A workplace pension should support your people’s financial wellbeing, not add to your workload. Penfold makes it easier to deliver a benefit your employees value, without the admin headache.

Support your team’s financial wellbeing

From retirement forecasts and webinars to personalised guidance, Penfold helps your people understand their pension, plan ahead and make informed decisions.

Cut pension admin and stress

Automate contribution file processing, connect your payroll and manage your workplace pension from one simple employer portal. Less admin, more time back.

Save on National Insurance

Salary sacrifice can reduce National Insurance costs for you and your employees. We’ll help you set it up, communicate the benefits to your team and keep admin simple.

Switch without the headache

From setting up your scheme to communicating with employees and transferring your existing workplace pension, we’ll support you every step of the way.

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Help your people plan for the retirement they want

Penfold helps your people understand what their pension could provide in retirement, set meaningful goals and see what they can do to achieve them.

  • See what their retirement could look like

    Explore their projected retirement income, try different retirement ages and see what kind of lifestyle their pension could support.

  • Set goals and get on track

    Set a personal retirement goal, see how it compares with their forecast and explore how changing contributions today could improve their future retirement income.

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Get guidance when it matters

Penfold helps your people understand their options and take practical steps towards a better retirement, with personalised next steps and support when they need it.

  • Personalised next steps

    From reviewing contributions to finding old pensions, employees can see practical next steps based on their circumstances and retirement goals.

  • Guidance when they need it

    Helpful videos, guides and retirement calculators make pensions easier to understand. And when your people need extra support, they can access webinars, welcome sessions and our customer support team, with 1:1 pension guidance also available.

Don’t just take our word for it

Hear from employers and employees about their experience with Penfold.

What’s different about Penfold?

Make financial wellbeing a workplace benefit

Help your people feel more confident about retirement with a pension that’s easy to understand, simple to manage and free for employers. With real people on hand to help.

The Penfold pension platform shown on a laptop displaying an employer insights dashboard and a smartphone displaying a personal pension account.