Penfold

About Penfold

Penfold is a UK-based financial technology company that specializes in providing online pensions specifically designed for the self-employed. Operating in the financial services market, Penfold offers a user-friendly platform that allows individuals to set up, manage, and consolidate their pensions with ease. The company serves self-employed professionals who lack the traditional HR support for pension management. Penfold's business model revolves around offering a digital solution that simplifies pension contributions and management, making it accessible and straightforward for users. The company generates revenue through management fees and possibly other financial services. Penfold's pension funds are managed by BlackRock, one of the world's largest asset managers, ensuring professional investment management. Additionally, the pensions are administered by Gaudi Regulated Services Limited, providing an extra layer of regulatory oversight and protection. Penfold's services are FSCS-protected, meaning that users' funds are safeguarded by the Financial Services Compensation Scheme up to a certain limit, adding an extra layer of security. The platform also allows users to consolidate old pensions into one account, making it easier to manage retirement savings. Overall, Penfold aims to make pension management as simple and flexible as possible for the self-employed.