The Work Index by Flexa

Penfold

Penfold is a digital pension platform that aims to make saving for retirement easier and more accessible.

https://getpenfold.com/
6.0

/10

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Description

Penfold is a digital pensions platform that simplifies saving for retirement, addressing the problem of outdated and user-unfriendly pensions. They offer both private and workplace pensions, with a focus on ease of use and accessibility. Their award-winning app allows users to track, combine, and manage their savings, set goals, and even choose investments that align with their values and risk appetite. They prioritize transparency and customer service, offering dedicated account managers for businesses and 24/7 support for all users.

Penfold is committed to promoting financial well-being for everyone, and their mission extends beyond simply managing pensions. They offer educational resources and tools to help individuals understand pensions and make informed decisions about their financial future. They are also focused on improving employee retention for businesses by offering a competitive and engaging workplace pension solution that employees will actually enjoy using.

Flexibility

Penfold is a remote-first company, with employees able to work from anywhere in the UK. While they have a wonderful office in Uncommon Borough, London, which employees can use a few days a week, there is no enforced schedule or set working hours. The company trusts its employees to get their work done in whatever environment suits them best and to be available for their colleagues.

Hybrid
Fully flexible hours

Benefits

Penfold offers a competitive compensation package and a robust set of benefits to its employees, including meaningful share options, generous pension contributions, unlimited holidays, and flexible working arrangements. They also provide a delightful office space with drinks and snacks, top-of-the-line equipment, private medical insurance, and opportunities for learning and professional development.

WFA scheme

Mission

Penfold's mission is to revolutionize the pensions industry by making saving for retirement easy, accessible, and engaging. They believe that traditional pensions are outdated, confusing, and often deter people from saving, leading to a silent savings crisis. Penfold aims to address this by providing a user-friendly digital platform with a modern, app-based experience, clear and transparent information, and excellent customer service, ultimately empowering individuals and businesses to adopt healthy saving habits and secure a comfortable future.

Automation
Data-driven
Disruptor
Improving quality of life/health
Social impact led
Soonicorn
Tech for good

Culture

Penfold promotes a culture that values innovation, customer-centricity, and teamwork. They are a remote-first company that prioritizes flexibility and employee wellbeing, offering benefits such as unlimited holidays and generous pension contributions. The company emphasizes moving fast and working from first principles, encouraging a collaborative and inclusive environment where individuals feel empowered to make a big impact.

Agile and dynamic
Autonomous
Collaborative
Engaging
Entrepreneurial
Fast-paced
Fun
People-first
Progressive
Supportive

DE&I

Penfold is committed to building a diverse team where everyone feels respected and empowered to do their best work. They actively foster a culture of inclusion by promoting psychological safety, encouraging open communication and trust, and challenging each other directly with respectful feedback. They also offer flexible working arrangements, remote working opportunities, and generous parental leave to support employee wellbeing and create a welcoming environment for all.

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