PensionPay. Helping our Defined Contribution partners enhance their decumulation and at retirement offerings.

Improve your member offering at retirement with access on demand functionality whilst improving asset retention within your Trust’s pension wrapper

PensionPay for Defined Contribution schemes

Set-up, distribution & offering

Set-up and distribution: PensionPay integrates with your existing platform via API’s. We work with you to ensure a seamless distribution experience for your members reaching pensionable age.

Offering: PensionPay is an opt-out product as a default setting. It provides instant access to emergency funds and on demand access to periodic instalment funds.

Improve member outcomes

Invested vs. Liquid Funds: Give your members access on demand to certain pots with the PensionPay debit card. Help members keep more assets invested and inside the pension wrapper.

Reduce asset attrition: PensionPay gives members similar functionality to their bank accounts. Reducing withdrawals to third party accounts and improve asset retention.

Smart withdrawals

Improved tax computations: PensionPay overlays your rules with HMRC criteria and member information to materially improve tax code accuracy for pot withdrawals.

Reduced operational friction: Seamless withdrawals self-serviced by members reduce your operational costs.

Benefits for Defined Contribution schemes

Improve your asset retention:

Enhanced flexibility and access on demand reduces the number of members who fully cash out at pensionable age. Members benefit from more funds invested longer and you benefit from additional assets under management.

Optimise your member experience:

PensionPay is a modern, user-friendly experience that improves pensioner access to their earned funds in an increasingly cashless, contactless world.

Cost-effective differentiation:

PensionPay is cutting-edge innovation for the at retirement market. Differentiate your scheme from competitors and improve your member experience.

Additional member insights:

Through aggregated card data access key insights and member trends to better inform product development, member communications and member engagements.

See the benefits for Defined Benefit schemes

PensionPay is a universal solution…

Let's revolutionise pension access

Give your pensioners flexibility, security, and control over their pensions. Whether you’re a scheme administrator or a trustee, PensionPay delivers real-time solutions that meet the financial needs of today’s and tomorrow’s pensioners.

Let’s revolutionise pension access together.

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PensionPay Limited, Chancery House, 53 – 64 Chancery Lane, London, WC2A 1QS, United Kingdom, Registered in England, No. 156827116