Penfold

Penfold is a new type of pension provider: accessible, engaging and high performing. Penfold is on a mission to get more people saving more for the future by offering simple and powerful pensions designed to get people to their savings goals and stay with them for life, whichever direction it takes them. Penfold offers four types of pension – Private, Self-employed, Company Director and Auto Enrolment – each with four different plan options: Lifetime, Standard, Sustainable and Sharia-compliant. Founders Pete Hykin, Stuart Robinson and Chris Eastwood set up Penfold in 2018. After working in various roles across financial services, the trio agreed that there was a clear gap in the market for a pensions company that served people better than the confusing, jargon-filled providers in the market. Penfold achieved FCA authorisation in May 2019, has raised a total investment of £5.5million from a combination of angel investors and venture capital firms, and has grown to over 15,000 active members.