About Penfold
Penfold is a UK pension provider purpose-built for the digital age, popular with startups, agencies, and SMEs that want a modern alternative to legacy pension providers. The app-first approach gets unusually high member engagement (legacy default funds see 5-15% engagement; Penfold reports 50%+).
TPR-authorised and approved as a workplace pension master trust. Self-employed workers can also hold Penfold pensions independently of their employer, which makes it popular with contractor-heavy workforces and creative agencies.
What's included
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.
Compare with
Smart Pension
Smart Pension is a digital-first workplace pension master trust used by 70,000+ UK employers. Quick...
Compare →
Aviva
Aviva is one of the UK's largest workplace pension providers, offering Group Personal Pension (GPP) schemes...
Compare →
NEST
NEST (National Employment Savings Trust) is the government-backed master trust set up to support...
Compare →
Building a benefits stack? Start with the gaps.
Score your current package against the UK SME market in 5 minutes, see exactly where Penfold (or alternatives) fit, and get a tailored shortlist.
Information on this page is editorial, gathered from public sources and provider materials, and does not constitute financial advice or a recommendation. For a quote, contact Penfold directly or speak to an FCA-authorised broker. PerkIQ is not a Penfold reseller and earns no commission on provider sign-ups.
