Trusted By Thousands
With a 5-star Defaqto rating, a 4.4 Trustpilot score, and a top-rated app, Penfold is the pension provider you can rely on.
Trusted by thousands of UK businesses
Why Choose Penfold for Your Workplace Pension?
We’ve built a modern solution for workplace pensions, designed with both businesses and employees in mind:
- Zero Fees
We don’t charge employers or advisers – there are no setup or ongoing fees.
- Effortless Setup
Get started in minutes with guided onboarding.
- Exceptional Support
A team of pension experts to help you – no matter how complex your query.
Recruit and Retain Top Talent
Did you know 90% of UK workers say their company pension influences whether they stay or leave their current job?
- Stand out as an employer of choice
Offer a pension that’s simple to use and tailored for modern employees. With Penfold, teams gain full visibility of their savings and flexible investment options – all from an app they’ll actually enjoy using.
- Boost employee financial well-being
Show your team you care about their future. Penfold’s platform empowers employees to make informed financial decisions, creating peace of mind and increasing loyalty.
Trusted, High-Performing & Cost-Saving
Why Penfold Is the Best Choice for Setting Up Your Workplace Pension
Exceptional Fund Returns
Our default Standard Lifetime plan, managed by BlackRock, consistently outperforms other auto enrolment providers.
Cut National Insurance
Save your business and employees £1000s in NI through our free salary sacrifice setup – without sacrificing pension contributions.
Empower Employees with a Modern Pension Experience
Penfold’s app makes it easy for employees to take control of their financial future:
- Instant access & easy tracking
Employees can check their pension balance, view contributions, and track their savings in real-time.
- Goal setting & progress updates
Our app helps employees set retirement goals and track their progress, motivating them to stay engaged with their savings and work towards a secure future.
- Investment Options
From sustainable to ethical investment funds, we offer options that suit diverse values and financial goals. Employees can change their strategy whenever they want.
How to Set Up Your Workplace Pension
Penfold’s setup is designed to be seamless, saving you time, making workplace pensions hassle-free:
- Sign up online
Create your free account in minutes, our guided onboarding will walk you through the initial setup, making it simple to get started.
- Customise your pension plan
Set contribution levels and select fund options tailored for your team.
- Invite your team
Easily add employees and enrol them in your new pension plan.
- Ongoing management
Monitor and manage contributions seamlessly through our platform.
Hear from some of our clients
Everyone needs an auto-enrolment pension scheme, so why not use the best one? Penfold really stands out with the customer service it offers. They’re so much more flexible and on top of things than any other pension provider I’ve spoken to. Investment performance is most important, and Penfold’s historical performance is excellent.
Chris Binns
Chartered Financial Planner at MoneyWeb
Penfold’s team of dedicated experts are super responsive and will help me with any kind of questions or queries that I might have. There’s no longer this restriction where I’m working as a kind of middleman. In fact, people can just go straight to the source and get whatever information they need. Penfold was absolutely amazing in terms of the education, the training, and all the administrative backlog that goes on with moving over pension providers. It ran so smoothly.
Aileen Walsh
People Operations Lead at Paddle
Penfold is dramatically better than anything we’ve worked with before and has helped me by removing all of the admin that comes with pensions. ‘Saving time’ is one of the key benefits that encourages me to recommend it to others. Penfold’s been a huge success at Cuvva, with 88% of the company logging into the app to view their pensions. It’s one of the tools I just could not live without.
Alex Perkins
Senior People Operations Partner at Cuvva
