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The pension that manages itself

Hands-off saving is here. Our Lifetime plan makes pensions effortless by automatically adjusting your investments to match your age.

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Download at the Google Play Store
Download at the Apple App Store
Two phones showing Penfold app lifetime investmen plan and where money is invested

As with all investments, your capital is at risk

The pension
that manages
itself

Hands-off saving is here. Our Lifetime plan makes pensions effortless by automatically adjusting your investments to match your age.

Download at the Google Play Store
Download at the Apple App Store

As with all investments, your capital is at risk

Two phones showing Penfold app lifetime investmen plan and where money is invested

The set & forget pension option

Suited to every stage of life

The Lifetime plan aims to grow your savings early on, before gradually shifting to protect the value of your pot for retirement.

Automated investing

Sit back. We’ll automatically switch risk levels for you, based on your age.

One simple all-in fee

We hate hidden fees. You'll only pay one annual fee of 0.75% for pots under £100,000, or 0.45% for pots over £100,000.

We work with the largest asset manager in the world

Our plan is managed by BlackRock, who invest your pension in thousands of companies and other assets around the world using advanced technology to balance growth and risk.

BlackRock's Standard plan significantly outperformed the stock markets and other retirement portfolios during the Coronavirus pandemic.

Penfold app showing pension fund performance track record screen

Pension power

See exactly where your savings are and use your pension to influence tomorrow.

Our Explore Your Pension feature gives you complete visibility into your investments - including a breakdown of which companies you have a stake in.

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How it works

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How it works

Select the plan

Enter your email address and personal details, and select our Lifetime plan when you sign up.

Add money or transfer

Setup with a Direct Debit, a bank transfer contribution or request a pension transfer.

Calculate & track

Track your investments. Project and forecast your pension with our calculator tools.

Withdraw

Withdraw easily online at 55. There's no restrictions with withdrawing a Penfold pension.

Trace & transfer your old pensions

Our consolidation service is for everyone - self-employed or not - we make finding & combining your old pension pots as easy as ever. Simply request the transfer from your dashboard, and our team of experts will sort the rest for you.

Penfold app showing the pension transfer screen
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Remember

It is important to compare providers’ fees & any guaranteed benefits when deciding on whether to transfer, and be sure that the investments available are suitable for you. We cannot accept defined benefit pension transfers. If you decide to close your Penfold account and the value of your pot has gone down, the amount returned to the provider may be less than what you originally transferred.

Please know that if your employer is paying into your pension currently, transferring that pot may mean you lose out on their contribution. For more information on the risks see here.

FAQs

Join thousands of happy Penfold savers

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