UK’s online pension provider PensionBee recently shared comments following the appointment of Torsten Bell MP as Pensions Minister.
Lisa Picardo, Chief Business Officer UK of PensionBee, commented:
“We welcome the new Pensions Minister to his new role. With his extensive experience in public policy, we’re keen to see his innovative approaches that prioritise savers and bring much-needed progress to the pensions industry.”
Picardo added that they are looking forward to “seeing whether Torsten Bell – with a background of campaigning for high retirement living standards – can revive the necessary discussions about increasing automatic enrolment pension contributions.”
They also mentioned that they are hoping to see “a long-overdue resolution to unnecessary transfer delays caused by the 2021 transfer regulations.”
They further noted that increasing reports “highlight the urgent need to provide consumers with greater clarity and confidence in their pension transfers, including the introduction of a 10-day pension switch guarantee.”
Picardo concluded that they look forward to working “with the government to create a more transparent and accessible pension system for everyone.”
As covered, PensionBee is an online pension provider, “helping you transfer your old pensions into one new plan, that you can easily manage online.”
They’re on a mission to make you pension confident by “helping you take control of your pension savings and plan for a happy retirement.”
With PensionBee you can manage your pension from the palm of your hand: check your “real-time balance, see your projected retirement income, and set up contributions and withdrawals online.”
As reported recently, PensionBee, a firm focused on the consumer retirement market, has launched its new Climate Plan that sets a “clear” standard for climate-focused pensions.
UK’s PensionBee explained that this plan not only excludes fossil fuel producers but also “commits to continually reducing the total intensity of greenhouse gas (GHG) emissions produced by companies in the plan by 10% annually.”
So, even if the global economy uses more carbon “over time, the Climate Plan will move in the opposite direction, always using less.”
