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Penfold Launches Pensions and Payroll Portal for Business Advisers

Penfold has launched its Adviser Portal, seeking to simplify the process of managing pension schemes on behalf of small and medium-sized enterprises (SMEs). 

The digital pensions provider’s newly-established portal will support services for business advisers, including accountants, payroll bureaus, members of the Institute of Financial Accountants (IFA) and employee benefits consultants.

The portal seeks to automate payroll and pension processing, with a particular focus on driving efficiencies associated with salary sacrifice, managing opt-outs, postponement periods and dealing with employee queries about the scheme.

Users will be backed by the company’s concierge service and its customer support team.

The company has appointed a specialist team to guide the arrival of the portal and its adjoining services

Steve Ayers, who previously led private banking at Lloyds Banking Group before supporting the launch of Smart Pension, is joined by Terry Kemp, previously at Creative Benefits and Smart Pension and Michael Groves, previously at Smart Pension and Cushon.

The team has confirmed that its initial focus will be an outreach to accountancy and payroll bureaus.

“Financial services professionals have been frustrated at the sector’s slow adoption of tech for many years now, but we’ve listened, learnt, and built [the portal] with these in mind,” comments Ayers.

Pete Hykin, co-CEO and co-founder, Penfold
Pete Hykin, co-CEO and co-founder, Penfold

Ayers confirms his confidence in the company’s new portal and service in generating the developments required by today’s professionals.

“We see the launch of our adviser portal as closing the loop on effective auto-enrolment implementation and management for forward-thinking workplaces,” reveals the company’s co-CEO and co-founder, Pete Hykin.

“Through Penfold, business advisers, employers, and employees will all benefit from our purpose-built pension tech that pulls pensions out of the dark ages and into the modern world of work.”

Author

  • Tyler is a fintech journalist with specific interests in online banking and emerging AI technologies. He began his career writing with a plethora of national and international publications.

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