Penfold | Sunday 18th August, 2019
At Penfold, we want to make pensions better for everybody, so we spend a lot of our time talking to people about their pensions. When we talk to freelancers or people who are self-employed, they often tell us that they know they should be saving into a pension, but just don’t know where to start.
We make things easy to understand and simple to do, and it’s all digital. You’ll never need to post something to us or call us or come and see us (although you’re welcome to do all three). We’re based entirely online.
This is just the starting point, though. We don’t want the Penfold pension to just be better than the current, paper-based alternatives, we want to work with the Penfold community to build the future of pensions. What about setting up or paying into a pension for your kids? What about investing your pension in an ethical way, so it’s doing good around the world? What about earning rewards like air-miles for paying into your pension? These things really excite us, and we want you to keep telling us what you want from Penfold in the future.
Whether you want a pension provider that gives you advice about how to save money in your day-to-day life and helps you save more, or you’d rather only ever hear that the money is safe and sound, and nothing more; it’s your choice. Tell us what you expect, and what a dream pension experience looks like for you, and we will take it on board and build it in.
For example, we know that the nature of freelance work means that you may work in companies for extended periods of time, but that during those spells it can feel like more hassle than its worth to join the company’s auto-enrolment scheme. We believe it should be much easier for freelancers to save for the future whatever type of work they take on, and that it shouldn’t have to be the responsibility of the individual to handle all the admin.
We plan to be an “auto-enrolment eligible” pension scheme in 2020, which just means that employers you work for from time-to-time can pay into Penfold too, but before that we’ll be focusing on building the best pension for the self-employed, freelancers and contractors.
Starting Penfold in this way has meant we are able to speak directly to and hear from our customers, in a way that launching as an auto-enrolment eligible scheme could have prevented. We are really grateful to the Penfold community for being so open and honest with early feedback, and taking the time to share this with us.
Our digital communities are the public version of the Penfold customer community, and we’d love to connect with you on our LinkedIn and Facebook page, our Facebook community group, and our Twitter and Instagram accounts. You can also sign up to our email community, to receive e-updates.
We’d love to know what you think about our ideas for the perfect pension for freelancers, so please do drop us a note at firstname.lastname@example.org if there is anything you’d like to share, or if you have questions.
Find out how Penfold pensions are different by reading this article explaining everything you need to know about Penfold pensions.
With pensions, as with all investments, your capital is at risk and the value of your pension with Penfold may go up as well as down. You may get back less than you put in.