Savers Given More Control of Their Pension as Penfold Expands Workplace Pension Division

S.Cal-up such as kuba, Elby When provetogether with 147 other companies, all penfoldThis is the business office pension division of the pension operator. Following its launch ten months ago, Penfold has announced that these companies will be the beneficiaries of its Series A funding round.

Penfold’s Workplace Pension Plan is designed to give employees greater control and easier access to their pensions, transforming expensive and often undervalued benefits into powerful retention tools for employers. .

Penfold’s goal is to help everyone increase their retirement savings, and by providing pensions for everyone, from the self-employed to large corporate employers, Penfold is making a difference in your life. You can achieve the goal of being a pension that is close to

Who led the Series A Bridford group, an investment group with permanent proprietary capital in various sectors including technology, sustainability and biotechnology. The Bridford Group and its affiliates have invested in Penfold since its first funding round in 2018.

Also, who participated in the round Jeremy KollerChief Investment Officer and Chairman Koller capitalPenfold also launched a round to its customer base and wider community with crowdfunding reaching 190% of its goal from over 900 contributors.

Chris eastwoodPenfold co-founder commented: It’s been an important year for Penfold, from the launch of his workplace pension to his reaching his AUA of 100 million. This latest funding round is a testament to the growth achieved by the business and the hard work of our team.

We are extremely grateful to our investors who share our vision to engage more people in retirement savings in meaningful ways.

This funding will have a significant impact on our ability to provide pensions to more people. In particular, we aim to expand the provision of workplace pensions and give savers more control over their pensions. Because today’s fundraising is another step in building a modern pension that helps everyone increase their retirement savings.”

Principal investor Bridford Group commented: Nevertheless, many people remain uninterested and uninvolved in pensions. With so many people not saving enough, there is a real chance for new providers to step in.

By building our administrative and operational departments from the ground up, Penfold is uniquely positioned to solve this problem. We can provide both savers and businesses with better, more efficient options.

In the nearly three years that we have worked with the Penfold team, we have been consistently impressed with the high quality of everything they do and the rapid growth of their business. Most impressive is the rapid rollout of the workplace pension offer to 150 signatories in no time.