A hand holds a smartphone displaying a financial app for pension management, with a smiling man in an inset image also looking at a phone.
Workplace Pension

Bring your pensions together. Build your future in one place.

Your workplace pension can be more than another pot to keep track of.

Bring your old pensions together with Penfold, see what you’re saving through work and understand what it could mean for your retirement.

More than somewhere your workplace contributions go

Bring pensions together. See what your savings could mean for retirement. Get guidance when you need it. And keep Penfold with you when you change jobs.

Combine your old pensions

Plan for your retirement

Get guidance and support

Keep Penfold as your lifelong pension

Bring your pensions together

Fewer pensions, a clearer picture.

Changed jobs a few times? There’s a good chance you’ve left pensions behind along the way.

With Penfold, you can track down old pensions and bring them into one place alongside the pension you’re building through work.

That means fewer accounts to keep track of and a much clearer view of how your retirement savings are adding up.

A man in a blue shirt looks at his phone with a slight smile, while an overlay confirms a completed pension transfer request with a green checkmark.

How your workplace pension works

You save, your employer does too.

Each time you’re paid, money can go into your Penfold pension through your workplace.

  • You contribute: Part of your pay goes towards your pension, helping you build savings for later life.
  • Your employer contributes: Your employer adds money to your pension alongside you – an important part of your workplace benefits.
  • You get tax advantages: Pension contributions benefit from tax relief or, depending on how your workplace scheme is set up, may be made through salary sacrifice.
  • Your money is invested: Your pension is invested with the aim of growing your savings over the long term.
A woman in a white blouse smiles while checking her phone, with an on-screen overlay showing a contribution alert of £400 including £250 from her and £150 from her employer.

Know where you stand

Turn your pension balance into something meaningful.

Knowing what you’ve saved is useful. Knowing what it could mean for your retirement is much more useful.

Penfold brings your workplace contributions, old pensions and retirement planning tools together so you can see where you stand and explore what different choices could mean for your future.

See how much you’ve saved, what’s being paid in, your projected retirement income and whether you’re on track for the lifestyle you want.

A man in a blue shirt looks at his phone, with an overlay showing his pension forecast of £29,204 and a call-to-action to set a retirement goal.

Pension guidance and support

You don’t have to figure it all out yourself.

Pensions can get complicated. So Penfold combines simple digital tools with support from real people.

Use personalised guidance in the app to understand where you stand, explore different retirement scenarios and see actions you could consider.

And when you’d rather talk things through, workplace members can access support including Welcome Sessions and our Customer Support team..

Financial app interface with cards for pension and savings advice, including 'Make your money work harder'.

Your pension is built for the long term

Meet Penfold Lifetime.

Penfold Lifetime is our default investment approach, built with investment experts at BlackRock.

It automatically adapts as you move through life – focusing on long-term growth when retirement is further away, then gradually adjusting as you get closer. So you don’t have to manage your investment strategy yourself.

We hate hidden fees – so we charge one simple annual fee, which we’ll confirm before you open your pension.

A hand holds a smartphone displaying the Penfold Lifetime app with investment risk level and asset allocation details.

Your pension, in your pocket

Keep track without the paperwork.

Your Penfold account gives you a simple place to manage your pension whenever you want to check in.

  • Track your pension value and contributions
  • Find and transfer old pensions
  • Explore your retirement forecast and guidance
  • Manage contributions, beneficiaries and more
A person holding a smartphone displaying the Penfold investment app with a notification indicating a 12% return.

A pension you can keep for life

Changing jobs doesn’t mean starting again.

The money you’ve already saved remains invested in your Penfold pension, and you can continue to keep track of it through your account.

If a future employer uses Penfold too, you can keep building in the same place. And if they use another pension provider, you can still keep your Penfold pension and decide what you want to do with your pensions over time.

Because we think your pension should be something you can keep for life – not something you forget every time you change jobs.

Hand holding a smartphone displaying a financial app with a pension balance and savings management options.

What Penfold members say