Starling Bank has added pension platform Penfold to its platform.
In Brief:
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Penfold is designed specifically for the self-employed and freelance workers.
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It allows users to manage and track pensions – they can add and choose where to invest their money.
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It is now available to Starling’s 180,000 SME customers.
What does this mean?
According to Penfold, around 15% of the UK population now works for themselves, so there’s a need for flexible, pension options. Starling has added the service because it says its vast number of self-employed users do not always factor pensions into their financial management.
