Penfold
Penfold offers an engaging and easy-to-use pension platform that simplifies pension management for both savers and employers, featuring investment plans managed by BlackRock and HSBC.
Services
Penfold provides a comprehensive pension platform aimed at simplifying pension management for both individuals and businesses. The platform is designed to be engaging and user-friendly, offering features like retirement forecasting, goal setting, and complete visibility of savings and investments. It allows users to track and combine old pensions into one place using the 'Find My Pension' tool. For businesses and accountants, Penfold offers a time-saving pension processing platform that includes real-time file reviews, data accuracy checks, and drag-and-drop file uploads. Penfold also provides financial education programs and workshops for employees, along with a dedicated account manager for businesses.
Investment Plans
Penfold offers a variety of investment plans managed by established institutions such as BlackRock and HSBC. These plans are designed to be low-cost and diversified, catering to different needs and preferences. The options include Standard, Sustainable, Sharia, and Lifetime plans. Each plan charges a single annual fee that covers all services, ensuring transparency and ease of understanding for users. Additionally, Penfold's pension savings are protected by the Financial Services Compensation Scheme (FSCS). Users can adjust their contributions and choose their preferred investment plans directly through the Penfold pension app.
Employer Services
Penfold’s pension platform offers several services tailored specifically for employers. It helps reduce payroll processing errors and ensures compliance through features like real-time file reviews and data accuracy checks. The platform also supports drag-and-drop file uploads for payroll processing and provides salary sacrifice consultation and implementation services. Importantly, Penfold’s pension services are free for employers, making it a cost-effective solution for businesses. Employers also benefit from the support of a dedicated account manager, ensuring a personalized service experience.
Pension App Features
Penfold's pension app is designed to offer comprehensive functionality for individual savers. Key features include the ability to track and combine old pensions, adjust contributions, set retirement goals, and forecast retirement savings. The app provides users with complete visibility of their savings and investments, making it easier to manage pension funds effectively. It includes innovative tools like the 'Find My Pension' feature, which helps track down lost pension pots. These functionalities make the Penfold app a versatile tool for anyone looking to streamline their pension management.
Customer Reviews
Penfold is highly regarded by its users, with a rating of 'Excellent' on Trustpilot. This rating indicates strong customer satisfaction and trust in the services provided by the pension platform. Users appreciate the easy-to-use interface, comprehensive features, and the support provided by Penfold’s dedicated account managers. The positive reviews reflect Penfold's commitment to offering high-quality, reliable pension management solutions.