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
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
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
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 Established back in December of 2014 to help tackle “outdated” pension systems – and with an… Read More
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
According to an update from BNY (NYSE: BK), as pensions become costly and difficult to manage, companies can de-risk their balance sheets by transferring them to insurers and pension acquirers. BNY noted that a new collaboration enables a seamless pension experience from administration to payments…. Read More
UK’s Smart Pension, a company focused on workplace pnesions, has reportedly surpassed £6 billion assets under management (AUM). According to the update from UK’s Smart Pension, new business wins, organic growth and strategic consolidations have led to rapid AUM growth. Smart Pension, one of the… Read More
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
Smart Pension, one of the UK’s workplace pension providers, has recently announced that the Crystal Trust, acquired from Evolve Pensions this past year, has been consolidated into the Smart Pension Master Trust. Evolve Pensions provided workplace pension services via their master trust, the Crystal Trust… Read More
Fidelity International, Mercer, Penny and Pension Lab have reportedly joined the industry coalition of “potential” operators of commercial pensions dashboards, working with government and regulators in order help support the launch of various dashboards for UK consumers. As explained in the update, dashboards provide consumers… Read More
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
A report by New Financial indicates that the amount of UK pension funds being allocated to UK equities has declined to 4.4% in comparison to last year, when the number was 6.1% and down by half of assets from 25 years ago. The document describes… Read More
L&G has reportedly selected Moneyhub to power its Qualifying Pensions Dashboard Service Legal & General’s pensions dashboard will leverage Moneyhub’s Open Finance technology to improve experience “for the provider’s 5.3 million DC members, with easy access to all their pensions data in one place.” The… Read More
Smart Pension has released a report entitled, “Delivery 2030: A blueprint to transform the UK pension system, deliver the future of retirement and leave no saver behind.” Jamie Fiveash, CEO, Smart Pension UK said: “Today’s workers are navigating the biggest shift in demographics for many… Read More
UK challenger bank Monzo is diversifying its product suite with a new pension consolidation solution that tracks old pensions and brings them into one fund. The launch of the product comes after research from Monzo reveals that more than half of UK adults (51%) don’t… Read More
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
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
UK’s PensionBee, an online pension provider, has officially responded to the 2024 General Election result. Becky O’Connor, Director of Public Affairs at PensionBee, commented: “Today, we welcome a new government, and as they take office, we anticipate significant advancements in several key areas of pension… Read More
Ahead of Thursday’s general election, UK’s PensionBee shares its recommendations for potential changes to the pension landscape under a new government. Commitment to ‘pot for life’ Becky O’Connor, Director of Public Affairs at PensionBee, commented: “Although not directly mentioned in the Labor or Conservative manifestos,… Read More
Research from Nucleus, one of the UK’s independent, adviser platform groups, has revealed 76% of people are unaware they can pay money into someone else’s pension. Of those who did not know “about the possibility of third-party pension contributions, 55% said they would not consider… Read More
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