Is Penfold safe?

  •  By
  •  Murray Humphrey

When you're saving for the future, you want to know your money is being properly looked after. That's why at Penfold, the financial security of our savers always comes first. Here are a few of the ways we keep your money safe.

We're regulated

The Penfold pension is regulated by the Financial Conduct authority (FCA), the governing body for financial services in the UK. This means Penfold has been authorised by the FCA as a pension provider and all our activity is closely monitored to make sure it meets required standards. Our reference number is 826097 - you can use this to look up Penfold on the FCA register.

Additionally, any money you add to your Penfold pension is protected by the Financial Services Compensation Scheme (FSCS). If Penfold were to go bust, up to £85,000 of your savings are protected and will be refunded to you by the FSCS. You can read more about how the scheme works by visiting the FSCS website.

We use the latest technology

Penfold uses cutting-edge technology to safeguard your savings and personal data. It's part of what makes us a modern pension. Every transaction is authenticated with your bank and you can amend or pause regular contributions at any time. We also use the latest encryption and data security technology makes sure that all your information is kept private.

We keep your money separate and secure

With Penfold, your pension is managed by the biggest fund managers on the planet. Anything you pay into your pension with us first goes into a secure account held by a highly regulated custodian bank. It’s held here for usually just 1 business day before being used to buy into your chosen pension plan.

Here’s the important thing to remember: Your savings are your savings. All of your pension is kept separate from us and belongs entirely to you. This means if anything were to happen to Penfold, your money can’t be touched by us or any of our partners. Your pot will be transferred to another pension provider, ready for your retirement.

Your money will be invested by BlackRock or HSBC, depending on which pension plan you picked and invested in a diversified pension fund. Your savings are used to buy a mixture of shares (part ownership in a company) and bonds (a loan with a guaranteed fixed interest rate) that will hopefully help your pot grow over time.

As with any investment, this involves risk. The value of your pension can go up as well as down, and you could get back less than you put in. However, greater risk can lead to greater returns. If you have a long time before retirement, investing over the long-term can help ease any short-term losses.

If you have any further questions or concerns about the safety of a Penfold pension, please get in touch. via email at or by telephone at 0208 003 5908.

A photo of Murray Humphrey

Murray Humphrey


Get started in 5 minutes

1. Get a Penfold account by registering your details online or with our app.

2. Transfer an existing pension, or make a one-off or recurring payment (pause or adjust any time).

Done! Check savings progress, change investment plan and more with our app or online dashboard.

Get started now