PensionBee

Combine all your old workplace pensions and SIPPs into one new online plan. Capital at risk.

PensionBee puts your pension in the palm of your hand and makes you feel pension confident. You get one simple pension and one clear balance that you can check any time, all for one fair annual fee of between 0.50% and 0.95%. There are no drawdown costs unless you transfer to us and take your whole pot within 12 months.

App Name: PensionBee

Brief: PensionBee takes the complexity out of retirement planning with its user-friendly pension calculator and investment platform. Designed for the modern saver, this app offers a seamless way to manage pension funds, calculate retirement income, and track investments—all tailored to individual savings goals. Whether you’re already a customer or considering joining, PensionBee provides a straightforward process to consolidate your pensions and plan responsibly for the future.

Core Features:

• 📊 Retirement Calculator: Explore what your retirement income could be and how much to save to reach your desired goals.
• 🔏 Easy Account Management: Access your pension value, monitor fund performance, and track transfers from old providers conveniently.
• 💳 Contribution Tracking: Easily make regular or one-off contributions to grow your pension pot.
• 📈 Investment Plans: Choose from seven different PensionBee plans, managed by world-renowned money managers, to suit your saving needs and preferences.
• 🌱 ESG Options: Invest sustainably with the Fossil Fuel Free Pension plan for socially responsible, sustainable investing. 🌿

Pros:

• 👍 User-Friendly Interface: Navigate your financial future with an intuitive app layout.
• 👍 No Transfer Fees: Consolidate your pensions free of charge with PensionBee.
• 👍 Personal Support: Gain assistance from your personal BeeKeeper for any pension-related needs.
• 👍 Flexible Terms: Enjoy a no exit fee policy, with a 30 day cancellation option for added peace of mind.
• 👍 Financial Authority: PensionBee is an authorised and regulated service by the Financial Conduct Authority. ✅

Cons:

• 👎 Account Limits: Transferring old pensions might require specific details like policy numbers.
• 👎 Limited Free Features: Premium services come with an annual management fee.
• 👎 Transfer Timeframe: Some transfers may take up to 12 weeks, depending on the provider.
• 👎 Market Risks: The value of your pension can fluctuate, meaning potential returns might be less than the initial investment.
• 👎 Accessibility: The app is primarily designed for PensionBee customers, which could be a limitation for users looking for general investment advice.

Pricing: 💵 PensionBee is free to download, with no fees for transferring your pensions. An annual management fee ranges between 0.5 - 0.95% for pensions under £100,000, with reduced fees for savings over this amount.

Community:

• Official Site: PensionBee
• YouTube Channel: PensionBee
• Twitter: PensionBee

PensionBee combines the power of smart technology with expert financial guidance to deliver a pension management experience that empowers users to take charge of their retirement savings with confidence and clarity.