Provider comparison
People's Pension vs Penfold
Side-by-side comparison from the PerkIQ directory. Cover, pricing, regulator status, and fit at a glance.
- Master trust authorised by TPR. Independently governed by an experienced trustee board, with regulatory oversight from The Pensions Regulator.
- Strong default fund. Multi-asset, responsibly-managed default fund that has consistently outperformed peers over rolling 5-year windows.
- Direct payroll integrations. Native integrations with Sage, Xero, Iris, BrightHR and others for automated contribution submission.
- Online employer dashboard. Self-service employer portal for managing enrolments, contributions, and opt-outs without paperwork.
- Mobile-first member experience. Polished iOS and Android app where members see balances, change contributions, switch funds, and project retirement income.
- Self-serve employer setup. Sign up online and start auto-enrolment in under 30 minutes. No paperwork or broker required.
- Sustainable default fund. ESG-aligned default fund with explicit climate and exclusion screens.
- Self-employed + employer in one app. Contractors and consultants can continue contributing between gigs without opening a separate scheme.
No fit notes published.
No fit notes published.
No pricing notes published.
No pricing notes published.
- TPR authorised
- Not-for-profit (B&CE)
- 6m+ members
- Auto-enrolment ready
- Strong default fund
- Direct & broker channels
- TPR authorised
- Founded 2018, London
- Self-employed & employer plans
- Mobile-first member experience
- 0.75% AMC
- Free employer onboarding
Pick the right one with data, not a sales pitch
Score your benefits stack with PerkIQ and you'll see which of these (or another provider entirely) closes the biggest gaps for your team.
Information on this page is editorial, gathered from public sources and the providers' own materials, and does not constitute financial advice or a recommendation. For a quote, contact each provider directly or speak to an FCA-authorised broker. PerkIQ is not a reseller and earns no commission on provider sign-ups.