Have you got old pension pots scattered around from past jobs? We make it simple to track down and combine old pensions in a few steps.
Sign up for free online or with our app, simply:
If you’re signing up, tap Add existing pension when you get to the Add Money page. If you’ve already signed up, tap the Transfer Your Pension card on your account dashboard.
We won’t charge you for transferring your old pensions, making contributions or withdrawals.
Our specialist transfer team will start contacting your previous pension providers to begin the process of moving your savings into your Penfold account.
On average it takes 4-8 weeks for a pension transfer to complete. We'll provide progress updates on your Penfold dashboard and notify you if there's anything that needs your attention.
Our friendly customer service team will be on hand to answer any question you have, and we promise no jargon. Just drop us a message on chat, email us or give us a call.
Once you’re with Penfold you’ll easily be able to:
Change your mind anytime - we won’t charge an exit fee.
Outstanding support, quick simple and the app is great. I've moved 7 pensions into one, and it took me 10 minutes - Penfold did the rest.
It was so simple to set up and the team were able to transfer in my existing pension pots for me without hassle. Everything is clear and easy to understand, which is a relief when traditional pensions can be confusing.
Transfer from an old pension was so simple and quick. Brilliant and easy to use app. Highly recommend Penfold's pension.
You may be able to reduce the charges you’re paying for pension management and accessing your pension pot when you retire.Learn about our pension fees
Penfold offers four hand-picked, top performing pension funds including Sustainable and Sharia investment options.Explore our pension plans
By combining pensions you'll reduce the number of accounts you're tracking, have less paperwork and fewer passwords.More reasons to combine
It's 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.
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