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Providers, fund managers, platforms… everyone takes a cut of your pension. The UK pensions industry isn't worth ~£3 trillion from nothing. It's time for 'Big-Pension' to be disrupted.
At OpenPension, we're building a new kind of pension, a pension that runs at cost, leaving more for our members.
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0% management fees
You might not know it, but your pension gets charged fees—every month. OpenPension started with the idea that a technology-driven pension service could operate with significantly less overhead, allowing us to pass these savings on.
We are legally bound to run our pension scheme at cost, which means huge savings for OpenPension members.
Saving a 0.5% management fee, over 30 years, on a £100k pot, puts £60.9k more in your pension⁴
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Pension guidance built-in
Pensions are confusing, and retirement planning can feel daunting. We've leveraged AI to offer financial planning, which updates with your pension. More questions? Just ask.
Retirement planning usually costs hundreds of pounds per year—we've built it in, free.
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Transparency at every step
Pensions are opaque. They shouldn't be. We've built our own technology platform, which allows us to share everything with you, in real-time. Every dividend, fund movement, transaction, fee or tax-rebate is displayed in your pension app.
Some other important features
Our Target-Date Pension Funds are priced at 0.18%.
Funds held with OpenPension are protected by the Financial Services Compensation Scheme.
The OpenPension pension product is authorised and regulated by the Financial Conduct Authority.
View real-time pension performance in the OpenPension app, with helpful explainers and analytics.
Transfer your pensions seamlessly from all major UK pension providers (SIPP and workplace).⁵
Exceptional customer service from a team of friendly pension experts, via live chat, or email.
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Backed by financial services titans
OpenPension is backed by the investors who funded many breakout financial services companies including…
©2025 OpenPension.
¹ PensionBee's default plan, Global Leaders, has a headline cost of 0.70%
² Nutmeg's comparable plan, Fixed Allocation, has a headline cost of 0.65%
³ Vanguard's platform fee is 0.15%, and comparable funds, Target Retirement fund range have fees of ~0.28%, giving a headline cost of 0.43%
⁴ Assumes 0% growth and zero contributions. Calculation does not consider inflation or fees.
⁵ Some transfers may incur a low cost, charged to OpenPension by the Origo pension transfer service. This cost is <£5 and passed directly to the customer. OpenPension takes no margin on this cost.
⁶ FSCS protection covers £85,000 of your pension value.