We’re crowdfunding on Crowdcube! Learn more

How we compare

Compare Penfold's workplace pension to other providers

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).

What to consider when choosing a pension provider

What funds are offered?

More isn't always better. Does the provider offer an easy to understand range of funds with sustainable options or the ability to invest in line with your employees faith?

What’s the employee experience?

Does the provider offer an app with retirement forecasting, have a high Trustpilot rating, and provide financial well-being support and education.

How can I get help when I need it?

Does the provider offer dedicated account management rather than a call centre, give compliance support and integrate with your internal work chat if required.

Is it easy to switch?

Does the provider manage the switch for you (eg. un-enrolling employees), help with communication (guides, templated emails, FAQs), and work to your timelines (whether a few weeks or months).

A headshot of a man smiling while looking at a phone

Features for workplace pension clients

We stand out with our first-class service and support as well as our payroll integrations.

Information updated December 2023

Fees, performance and ratings

We charge no fees to our business clients and stand out with our fund performance all while being highly rated.

These returns are based on data collected by investment advisors DWA from a variety of sources including individual providers and data published on Morningstar. The returns for Penfold are based on a customer being invested in our Standard Lifetime (default) plan. The competitor returns are also based on customers invested in their default plans. DWA have estimated the Returns (Gross) based on available information for a member with a typical pot size of £10,000 and an average salary of £30,000. These are annualised returns are based on data from March 2020 to September 2023. DWA have estimated the Returns (Net of fees) 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. Past performance is not indicative of future returns. The value of investments can rise and fall, you may get back less than you put in.

Features for pension savers

Our pension experience for savers is full featured while being effortless to use.

Information updated December 2023

Read our side-by-side comparisons

Penfold vs. Nest

Compare →

Penfold vs. Smart Pension

Compare →

Penfold vs. Cushon

Compare →

Penfold vs. NOW: Pensions

Compare →

Penfold vs. The People’s Pension

Compare →

Penfold vs. Aviva

Compare →

Penfold vs. Royal London

Compare →

Penfold vs. Aegon

Compare →

Why businesses choose Penfold over other providers

5-star rated pension app

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.

Learn about our tech-first pension app

Committed to your success

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.

Discover how we work with you

Funds that help grow wealth

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.

Find out about our fund options

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

        Request information about our workplace pension

        Join 1,000s of businesses already working with the only pension provider that offers a dedicated account manager.

        Request information