PensionBee
PensionBee is a company that offers a variety of pension plans and services, including pension consolidation, flexible contributions, and a mobile app for pension management.
Pension Plans Managed by Leading Institutions
PensionBee offers a range of pension plans managed by well-known investment institutions such as BlackRock, State Street Global Advisors, and HSBC. These partnerships ensure that customers benefit from the expertise and resources of leading asset managers when planning their retirement.
PensionBee's Pension Consolidation Service
PensionBee provides a pension consolidation service that allows customers to combine multiple pension pots into a single, manageable plan. This service simplifies pension management, making it easier for customers to keep track of their retirement savings and optimize their investment strategy.
Mobile App for Pension Management
PensionBee offers a mobile app aimed at simplifying pension management. The app includes features such as the ability to make contributions, withdraw funds, and view account balances. This user-friendly platform ensures that customers can manage their pensions conveniently from their smartphones.
Transparent Annual Pension Fees
PensionBee charges a straightforward annual pension fee, with rates ranging from 0.50% to 0.95% depending on the chosen plan. This transparent fee structure ensures that customers understand the costs associated with managing their pensions, without hidden charges.
Flexible Pension Contributions
PensionBee allows customers to make flexible pension contributions with no minimum amount required. This feature enables customers to contribute to their pensions at any time, providing greater flexibility in managing their retirement savings.
Drawdown and Annuity Options
PensionBee provides a drawdown option for pension withdrawals starting from the age of 55, allowing customers to take up to 25% of their pension as a tax-free lump sum. Additionally, PensionBee offers an annuity purchase option in partnership with Legal & General, giving customers more choices in how they structure their retirement income.
Dedicated Account Managers
Each PensionBee customer is assigned a dedicated account manager, known as a 'BeeKeeper,' who assists with pension management. This personalized service ensures that customers receive tailored support and advice for their specific pension needs.
Pension Confident Podcast
PensionBee hosts the 'Pension Confident Podcast,' which explores various pension-related topics. This podcast serves as an educational resource, helping listeners stay informed about the latest trends and insights in pension management.
Environmental, Social, and Governance (ESG) Initiatives
PensionBee engages in several environmental, social, and governance (ESG) initiatives. One notable offering is their fossil fuel free pension plan, catering to customers who wish to invest in environmentally responsible funds.