Penfold: Penfold Hits 200M AuA Milestone; Doubling Assets in 8 Months

Digital pensions provider Penfold has surpassed £200m in assets under administration (AuA) this month - 2.6x £76m AUA just under a year ago.The platform attributed the strong growth to a combination of customer growth via new workplace clients signed and customers making transfers of old pensions, as well as individual customers making regular contributions.