Trusted by thousands of companies in the UK
Focus on growing your business, not pension admin
Pension admin doesn't need to be painful. Penfold is here to help with a tech-first pension of the future.
Save time thanks to our Employer Dashboard. Make pension and payroll processing stress free with automations, drag and drop file uploads, and payroll integrations.
Manage tax relief, salary sacrifice, opt-outs and more in one, easy to use interface.
Industry-beating account management at no extra charge
Jargon-free pension support is only a phone call away with dedicated 1-2-1 account management.
Switching is easy with our fully-managed onboarding process and we offer comprehensive payroll processing support.
Our team can also provide free training and workshops to improve your teams' financial literacy and support their wellbeing.
A single, transparent annual fee that covers everything within our service
- Free for employers
Penfold is completely free for employers. We don't charge anything to manage your pension scheme and all additional services, like pension transfers and employee education, are included.
- Simple fee structure
Our single, all-in fee is charged to employees, they'll pay an annual rate based on a percentage of their total pot. This rate is made up of a pension administration fee and an investment management fee.
There were a few reasons we looked to switch providers for our workplace pension those being: API, reduced costs for our workers, better app and website. These 3 things we found in Penfold, We have found the switch across very straightforward and stress free. Any queries we have we can ask the question and it is answered in a timely and efficient manner. We were provided with support for our transition and have now switched all our workers to Penfold and are very happy we have done so.
Penfold offers great customer service to ourselves as Payroll Managers but also to our employees, who value the app experience. Implementing Penfold has led to a decrease in our negative ticket numbers and we have far less payroll corrections to facilitate.
We’ve been impressed with the level of service Penfold has provided from day one. Having a dedicated account manager (and not a chatbot) to support the switch and ensure the onboarding process ran smoothly was incredibly reassuring.
Our employees are benefiting from a scheme that gives them full visibility into how much they’re saving, where their pension is invested in and that ultimately allows them to self-serve wherever possible. The support offered by Penfold on the implementation and day-to-day support has been superb, and reduced the amount of work that the finance team had to do previously.
