National Insurance Hike: Read our update
Learn how we stack up against other workplace pension providers when it comes to features, user rating, performance, fees and more. (Spoiler: They've got nothing on us).
Understanding your priorities can help you make the best decision for your business and team.
Are their funds growing consistently to ensure a better retirement for your employees?
What do other businesses and savers think?
Are the fees competitive and transparent for both businesses and employees?
Is the provider there when you need help, fast?
Do employees get tools, visibility, and support to feel confident about their pensions?
Track the growth of Penfold’s funds on an annualised basis compared to other providers over the last 5 years to 30 September 2024
Returns for Penfold are based on a customer being invested in our default Standard Lifetime plan. Competitor returns are based on customers invested in their default plans.
Past performance is not indicative of future returns. The value of investments can rise and fall and you may get back less than you put in.
Returns are based on data collected by investment advisors DWA from a variety of sources including individual providers and data published on Morningstar. DWA have estimated the Gross Returns based on available information for a member with a typical pot size of £10,000 and an average salary of £30,000. DWA have estimated the Net Returns net of all costs and charges based on available information for a member with a typical pot size of £10,000 and an average salary of £30,000.
Actual returns may vary depending on a variety of factors including specific costs negotiated by a member's employer, actual pot size and actual salary. Where possible we have used actual return series available, though in assumptions have been made based on the underlying funds because of poor data availability and this may also result in some variance. The effect of charges have been applied to the return series on a monthly basis via a subtraction/addition of the proportionate amount, this may create small discrepancies with actual experience depending on charging structure. DWA are happy to correct any discrepancies should evidence be provided.
We stand out with our first-class service and support as well as our payroll integrations. We charge no fees to our business clients while being highly rated.
Information updated November 2024
Our pension experience for savers is full featured while being effortless to use.
Information updated November 2024
We've created a pension saving experience everyone will actually enjoy, our app gives savers total visibility of their savings, enabling them to easily manage their pension.
We can design a competitive pension scheme by benchmarking against your peers and step up your pension offering as you grow - we’re with you for the long haul.
We've hand-picked a simple selection of diversified pension plans, managed for you by BlackRock and HSBC, that can match your employee's goals and help grow wealth.
Trusted by thousands of UK businesses
There are many benefits to Penfold, from being able to offer a Salary Sacrifice scheme, their easy to use app and instant access to pension information, simplifying pension jargon helping our teams better understand pensions, great support via the help desk, along with a very straight forward set up / transition when moving on from our previous provider.
Michelle
Director of People & Culture at Glint
Penfold offers great customer service to ourselves as Payroll Managers but also to our employees, who value the app experience.
Implementing Penfold has led to a decrease in our negative ticket numbers and we have far less payroll corrections to facilitate.
Michaela
Senior Payroll Expert at Deel
We’ve been impressed with the level of service Penfold has provided from day one.
Having a dedicated account manager (and not a chatbot) to support the switch and ensure the onboarding process ran smoothly was incredibly reassuring.
Pok Hay Ng
Senior People Business Partner at Elvie
