Penny Pension

Name: Penny Pension
Rating: 4.6 (1245 reviews)
Author: Penny Technology Limited

All your pensions in one app

Only for iPhone

Free · Designed for iPhone

1.2K Ratings
Ages

4+
Years
Category

Finance
Developer

Penny Technology Limited
Language

EN
English
Size

57.6
MB

iPhone

All your pensions in one app View and manage all your pensions from old jobs in one award-winning app. SIMPLE & EASY - Effortlessly consolidate your old pensions - Benefit from world class pension security - Enjoy our award-winning, easy-to-use mobile app - Talk with our friendly customer service team via Live Chat HOW IT WORKS - Download the Penny app - Add your pensions and details - Penny identifies and checks your pensions - Penny transfers your pensions to your new Penny personal pension - View and manage your pensions anytime in your Penny app TRANSPARENT FEES - Penny charges a flat fee of 0.58% per year - You also pay a fund fee depending on the fund you select, ranging from 0.17%-0.24% per year - No fees on pension transfers - No fees on contributions - No fees on fund switches SECURE & TRUSTED - HSBC-managed investment funds - FSCS-protected (up to £85,000) - Penny is FCA-regulated - Your personal data is stored with 256-bit encryption - Rated 4.8* on Trustpilot. Trusted by thousands of UK customers - Live chat with our Customer Support team between 9am-5pm IMPORTANT INFORMATION Penny is authorised and regulated by the Financial Conduct Authority (FRN: 931299). Pensions are long-term investments. As with any investment, the value of your Penny Pension can go down as well as up and you may get back less than you started with. Capital at risk.

Ratings & Reviews

4.6

out of 5

1.2K Ratings

Great!
09/07/2024

Zeisan
Ive been using them for a while now, never had any issues at all, only issues faced were with the previous pension companies (Scottish widows, Aviva etc) dragging their heels. They provided me all the info I needed plus forms to be filled out and signed. They dealt with my previous pension companies more than I did so they took the chasing off my back for me. Great to deal with.
Great!
09/07/2024

Zeisan

Ive been using them for a while now, never had any issues at all, only issues faced were with the previous pension companies (Scottish widows, Aviva etc) dragging their heels. They provided me all the info I needed plus forms to be filled out and signed. They dealt with my previous pension companies more than I did so they took the chasing off my back for me. Great to deal with.
Unclear information
30/09/2023

DuncanS
During the set up process, it asks for fairly simple information, including my previous jobs, but when it then lists the pensions it finds, there are no details, balances or other information. Would be much better if it detailed the pension policy number and the balance on the pension so I can confirm it has found the correct one.Then, it asks you to transfer pensions without knowing any of this information which is very unclear. Even worse, I’ve no idea whether the pension it is transferring into is any better than the one it is coming from. There are no details on the Penny pension scheme at all. How can anyone transfer pensions without knowing what they’re transferring it to?! There is no way of going back, there is no way of knowing how much of the balance will be transferred, so because of this lack of information I just deleted the app. Nice idea, very poorly executed.
Unclear information
30/09/2023

DuncanS

During the set up process, it asks for fairly simple information, including my previous jobs, but when it then lists the pensions it finds, there are no details, balances or other information. Would be much better if it detailed the pension policy number and the balance on the pension so I can confirm it has found the correct one.Then, it asks you to transfer pensions without knowing any of this information which is very unclear. Even worse, I’ve no idea whether the pension it is transferring into is any better than the one it is coming from. There are no details on the Penny pension scheme at all. How can anyone transfer pensions without knowing what they’re transferring it to?! There is no way of going back, there is no way of knowing how much of the balance will be transferred, so because of this lack of information I just deleted the app. Nice idea, very poorly executed.
Misleading Approach
09/09/2022

BillWilm1982
Listed out my previous roles for which I have old pensions, deliberately not including my current role; was fully aware these would be transferred which I was prepared for.However within a few seconds of doing this on the app, I received an email from my CURRENT (active) pension provider that someone or some system had attempted to reset my online password for my current online pension account. Why on earth would the app need to do that? They make a clear point of saying they don’t touch any current active pension, but clearly they were trying to here.I immediately closed my Penny account and deleted the app, would strongly advise anyone not to use this service.
Misleading Approach
09/09/2022

BillWilm1982

Listed out my previous roles for which I have old pensions, deliberately not including my current role; was fully aware these would be transferred which I was prepared for.However within a few seconds of doing this on the app, I received an email from my CURRENT (active) pension provider that someone or some system had attempted to reset my online password for my current online pension account. Why on earth would the app need to do that? They make a clear point of saying they don’t touch any current active pension, but clearly they were trying to here.I immediately closed my Penny account and deleted the app, would strongly advise anyone not to use this service.
Snake in the grass
20/12/2023

Bryanchapman999999999
Just about to report this app. it found one of my pensions, but on selecting the pension then started a transfer process. I stopped at the process immediately and thought that was it only today. I have received an email from my pension provider that they have cancelled this transfer request.They mention that they knew do not allow the use of this company for Transfers. I downloaded this app, thinking it would try to find old pensions that I may have forgotten about upon selecting a pension. I did not expect it to start a transfer request. I thought it would just provide me information.
Snake in the grass
20/12/2023

Bryanchapman999999999

Just about to report this app. it found one of my pensions, but on selecting the pension then started a transfer process. I stopped at the process immediately and thought that was it only today. I have received an email from my pension provider that they have cancelled this transfer request.They mention that they knew do not allow the use of this company for Transfers. I downloaded this app, thinking it would try to find old pensions that I may have forgotten about upon selecting a pension. I did not expect it to start a transfer request. I thought it would just provide me information.

Welcome to Penny! We've implemented some bug fixes and performance improvements to keep the Penny app smooth and easy to use!

Version 9.11.0

3 hr ago

Data Linked to You

The following data may be collected and linked to your identity:
- Contact Info
Data Not Linked to You

The following data may be collected but it is not linked to your identity:
- Identifiers
- Usage Data

Privacy practices may vary based, for example, on the features you use or your age. Learn More

Accessibility

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Ratings & Reviews

What’s New

Version 9.11.0

App Privacy

Data Linked to You

Data Not Linked to You

Accessibility

Information

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