
Penny Technology Limited offers a modern pension app that consolidates and manages multiple UK pension pots in one secure account. The app uses AI to find and transfer inactive pensions from all major UK providers into a protected personal pension account managed in partnership with HSBC for secure, long-term growth. Penny provides transparency, FSCS protection up to £85,000, and regular updates to users, simplifying pension management and making retirement planning accessible and stress-free. The company is FCA authorised and regulated, trusted by thousands, and supported by leading financial and technology partners including HSBC, Vanguard, and Natwest.

Penny Technology Limited offers a modern pension app that consolidates and manages multiple UK pension pots in one secure account. The app uses AI to find and transfer inactive pensions from all major UK providers into a protected personal pension account managed in partnership with HSBC for secure, long-term growth. Penny provides transparency, FSCS protection up to £85,000, and regular updates to users, simplifying pension management and making retirement planning accessible and stress-free. The company is FCA authorised and regulated, trusted by thousands, and supported by leading financial and technology partners including HSBC, Vanguard, and Natwest.
Product: UK pension app that finds, consolidates and manages multiple pension pots into one personal account
Regulation & Protection: FCA authorised (ref 931299) with FSCS protection for eligible assets
Partners / Backing: Works with HSBC and Vanguard; seed lead investor Gradient (Google’s AI fund)
Fees: Annual management charge 0.58% (default fund total ~0.75% p.a.)
Retirement savings fragmentation and difficulty managing multiple defined-contribution pension pots in the UK.
Fintech / Retirement & Pensions
£4,000,000
Seed round announced July 11, 2022; participation from fintech figures noted.
“Gradient as lead investor signals AI/tech-focused strategic backing alongside partnerships with HSBC and Vanguard”