Penny works by finding and transferring your pensions from your old jobs into your new Penny Pension account ✨

Here is a step-by-step guide to how Penny works:

1️⃣ Download the Penny Pension app. Then, signup and create your Penny account. In total, this takes about 2 minutes.
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2️⃣ Choose which pensions you'd like Penny to find and to transfer. Put in the names of your old employers and your old pension providers that you'd like Penny to transfer from.
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3️⃣ Penny gets the information about your pensions from your old pension providers, and shows you in the Penny app. To do this, Penny sends a Letter of Authority to your old pension providers, which authorises them to give the information to Penny.
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4️⃣ Penny transfers your pensions to your Penny Pension account. This usually takes 2-6 weeks.

5️⃣ You can see and manage your pensions anytime, right on your phone!