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PensionBee combines all your pensions into a single, good value online plan.
Customers simply give a few details online on the PensionBee website, and from there the company will automatically track down their old pensions. Once found they’ll then put the pensions into one of three plans, managed by BlackRock or State Street – two of the largest money managers in the world.
PensionBee customers have access to an online pension dashboard (The BeeHive) where they can track their new pension 24/7 and make one-off or regular contributions into their plan. Tax relief is added to new contributions.
PensionBee is a relative newcomer to Britain’s booming fintech scene and is making great strides. The company’s mission is to remove all the mystery surrounding pensions by eradicating jargon and taking an upfront approach to fees - one of the best kept secrets in the pension industry.
Since launch in January 2016, PensionBee has received more than 10,000 signups and is leading the personal finance conversation on social media with over 20,000 followers on Facebook, Twitter and LinkedIn. PensionBee’s mission to help people in their 30s and 40s save for later is clearly resonating with an audience traditionally ignored by financial advisers and pension providers.