Tagged: pensionbee

London Leads UK with Trust in AI-powered Financial Support – PensionBee Research

Research from PensionBee reveals that Londoners are far more enthusiastic about using artificial intelligence (AI) to help manage their finances compared to the rest of the UK. A nationally representative survey of 1,000 UK adults examining attitudes toward AI in pension customer support revealed “that… Read More

AI and Pensions : PensionBee Research Reveals UK Savers Looking for Balance, Not Bots

Research from PensionBee reveals that while UK savers are open to AI playing a role in pension customer support, they are not ready for a fully automated experience. PensionBee noted that 79% of survey respondents expressed preferences for “a mix of human and AI interaction… Read More

UK’s PensionBee Calls for Greater Clarity on Pension Transfers Following Appointment of New Pensions Minister

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… Read More

UK’s PensionBee Launches Climate Plan to Set Standard for Climate-focused Pensions

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… Read More

Pension Confidence Surges But Challenges for Younger UK Savers Persist – PensionBee Research

Confidence in retirement prospects among Brits surged in 2024, according to PensionBee’s Pension Confidence Index highlighting a “substantial” shift in public sentiment. The Pension Confidence Indicator jumped from -10 in December 2023 to +29 in December 2024 reflecting “growing optimism overall about financial futures.” But the data… Read More

UK’s Online Pension Provider PensionBee Marks 10th Year of Operations

PensionBee, a firm focused on the consumer retirement market, is marking its 10th year of operations, which includes a decade of innovation, growth and impact in the pensions industry. Established back in December of 2014 to help tackle “outdated” pension systems – and with an… Read More

Pension Funds Might Be Headed for Strong Returns in 2025 – PensionBee Analysis

UK’s PensionBee noted that pension funds could be headed for another year of strong returns in 2025, according to predictions from investment banks, including JP Morgan, Morgan Stanley, and Bank of America. PensionBee explained in a blog post that the bull run in US stocks is expected to continue while other… Read More

UK’s PensionBee Shares Insights on Whether Result of 2024 US Election Will Impact Pension Balances

UK’s PensionBee has shared insights on whether the result of 2024’s US election will impact users’ pension balance. It was announced that Donald Trump would be returning to the White House for a second term in office. PensionBee noted that the former President won the… Read More

UK’s PensionBee Acknowledges Government Pensions Dashboard Initiative, But Cautions that £50B of Pension Wealth at Risk of Being Misplaced

The UK’s Pensions Minister has recently announced a prioritization of the Moneyhelper Dashboard launch, with a further delay to the launch of commercial dashboards. Becky O’Connor, Director of Public Affairs of PensionBee, commented that while it’s encouraging to see the UK Government’s continued commitment to… Read More

UK’s Online Pension Provider PensionBee Reports Latest ESG Scores

PensionBee, a global enabler of the consumer retirement market, has reportedly achieved its highest-ever environmental, social, and governance (ESG) rating from EthiFinance, scoring 86/100 in their latest assessment report. The EthiFinance ESG Ratings, which aim to effectively evaluate firms on a scale from 0 to… Read More

UK Pension Funds are Delivering More Sizeable Returns than Savers had Been Expecting – Research Study

Pension funds are delivering more sizeable returns than UK savers had been expecting with average annual growth during five years reportedly nearing 8% for those 30 years from retirement. This, according to an update from PensionBee. PensionBee’s Pension Performance Benchmark analysis, which has reportedly examined… Read More

UK’s PensionBee Says Consolidation in Defined Contribution Market May Simplify Regulation, Reduce Costs for Savers

PensionBee has responded to the Department for Work and Pensions’ (DWP) Pension Investment Review, emphasizing the importance of “keeping savers’ best interests at the forefront of any potential changes in the pensions market.” PensionBee believes that consolidation in the Defined Contribution (DC) market may offer… Read More

Nearly a Quarter of UK Savers Have “No Idea” How Much They’ve Saved Into their Pension – Research Report

Nearly a quarter (24%) of Brits have ‘no idea’ how much they’ve saved into their pension while almost half (42%) admit confusion over how much they need to save for retirement, according to new research from PensionBee. In response to these challenges, pension savers are… Read More

UK’s PensionBee Research Study: Automatic Enrollment Extension May Hand Student Workers a £5K Pension Boost

Student workers could add thousands of pounds to their pension if the Government presses ahead with the extension of automatic enrolment to 18-year-olds, according to new research from PensionBee, the online pension provider. More than half of full-time students “work an average of 14.5 hours… Read More

Nearly a Third of UK Consumers Admit to Being “Retirement Overspenders” Due to Rising Cost of Living – PensionBee Research

A fifth of Brits (20%) over the age of 55 have consistently spent more than they’d expected to during their retirements so far, with an additional 11% expressing that this occurred early on in their retirement, according to new analysis by PensionBee. Daily living expenses… Read More

PensionBee Explains How UK Pensioners Lose £300 Winter Fuel Payments Unless Claiming Often Ignored Pension Credit

PensionBee noted that the new Chancellor Rachel Reeves has announced the end of the Winter Fuel Payments for those not receiving Pension Credit. PensionBee explained that the one-off yearly payments have helped pensioners “with the often higher cost of heating in the winter months.” Pension… Read More

UK Pension Savers to Support Investment of Retirement Funds in Growth Businesses If they Demonstrate Solid Returns – Research

British pension savers may only support the investment of their retirement funds in UK-based growth businesses “if they demonstrate strong returns,” new research suggests. A third (33%) of Brits believe pension “schemes should only be obliged to invest in UK assets” – as announced in… Read More

UK Consumers’ Confidence in Retirement Prospects Continues to Rise: PensionBee Pension Confidence Index

Brits’ confidence in their retirement prospects continues to rise, according to PensionBee’s latest Pension Confidence Index. The Pension Confidence Indicator score “surged to +30 immediately following the General Election, up from +22 in March 2024 and significantly higher than -10 in December 2023 and -9… Read More

UK’s PensionBee, an Online Pension Provider, Announces US Launch

PensionBee Group plc announces the launch of its business in the United States, the world’s largest Defined Contribution pension market, “representing approximately 80% of the global total and $22.5 trillion in assets.” The company’s wholly-owned US subsidiary, PensionBee Inc, is “now registered with the US… Read More

London’s PensionBee Reveals Reasons for Basing its US Business in New York

PensionBee, a London-based online pension provider, has chosen to base its US business headquarters on the east coast of the United States, in New York City. The London Stock Exchange-listed FTSE stock, UK financial technology firm, which has over £5 billion ($6.3 billion) assets under… Read More

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