IPSE and Penfold agree new deal to help freelancer finances

London 10th March 2022: IPSE (the Association of Independent Professionals and the Self-Employed) and digital pension provider Penfold have agreed a new deal to help IPSE members with their pension.

Launched in 2018, Penfold is a digital-first pension service provider, which aims to make savings as straightforward and as easy as possible. Penfold allows users to set up, manage and track their pensions online or through their award-winning app.

Through the new partnership, IPSE members will receive £25 into their account when they open a pension with Penfold.

Derek Cribb, CEO at IPSE (the Association of Independent Professionals and the Self-Employed), said: “We are delighted with this new partnership and the support it will give our members. Pensions are notoriously difficult for self-employed workers with a significant number failing to setup a pension altogether. Penfold’s digital-first service means that IPSE members will be able to easily create, manage and track their savings online.”

Chris Eastwood, Co-founder and Co-CEO at Penfold, said: “We’re delighted to be partnering with IPSE as we continue our focus on building the best pension experience for the self-employed. We started Penfold with the mission to get more people saving for the future, regardless of their employment status. To date, the pensions industry has ignored the differentiated needs of the self-employed who must balance pension savings with variable monthly incomes. We’re proud to have designed a pension experience with those exact needs in mind and we’re optimistic that IPSE’s members will have a positive reaction to our product and service.”

Read more about IPSE’s pension deal with Penfold here.