Pensions By Penfold 2.0.11

The pension service provided by Penfold is characterized by its user-friendly interface, comprehensive tools, and professional customer service. It aims to simplify the management of pensions, instilling confidence in users regarding their financial future post-retirement, though potential investors should be aware that capital is at risk.

Efficient Account Setup

• Create an account effortlessly using your email and password.
• Provide basic information such as your name and address.
• Transfer an existing pension or make contributions directly.
• Gain full access to a modern pension management platform.

Free Pension Transfers

• Seamlessly consolidate old workplace and private pensions.
• Input relevant details about your previous pensions within the app.
• Let transfer specialists handle the paperwork on your behalf.
• Monitor transfer progress through your dashboard.

It is crucial to compare fees and guaranteed benefits offered by different providers before making a transfer decision. Additionally, ensure that available investment options align with your financial goals. Note that transferring a current employer-contributed pension could result in the loss of those contributions.

Pension Recovery Tool

• Utilize the in-app "Find My Pension" feature.
• Simply enter the name of your former employer.
• Receive information on the relevant provider and their contact details.

Flexible Contribution Options

• No minimum monthly contribution requirement.
• Establish recurring payments or opt for one-time contributions.
• Easily manage top-ups, adjustments, and pauses on contributions.
• Automatically receive a 25% tax relief top-up on qualifying contributions.

Investment Fund Flexibility

• Lifetime: Automatically adjusts risk levels over time.
• Standard: Choose a risk level that fits your preferences.
• Sustainable: Invest in companies with high ESG ratings.
• Sharia: Engage in investments approved by a Sharia board.

Transparency in Fees

• An annual fee ranging from 0.4% to 0.88%, based on your investment fund and account balance.
• No additional charges for exits, transfers, or drawdowns.

User-Centric Support

• A dedicated UK-based team available for assistance.
• Inquiries can be made via in-app chat, email, or phone without lengthy wait times or jargon.

Pension Security Assurance

• Your investments are managed by leading global asset managers such as BlackRock and HSBC.
• Your data is protected with state-of-the-art security technology and is fully compliant with GDPR regulations.

Penfold operates under the regulation of the Financial Conduct Authority (FCA) and participates in the Financial Services Compensation Scheme (FSCS).