Pensionbee Review

About Pensionbee

PensionBee: The Ultimate Solution for Your Old Pensions

Are you tired of managing multiple pension plans from different providers? Do you find it difficult to keep track of your retirement savings? If yes, then PensionBee is the perfect solution for you. PensionBee is an online platform that combines all your old pensions into one new plan, making it easier for you to manage and grow your retirement savings.

PensionBee was founded in 2014 by a team of financial experts who were frustrated with the complexity and inefficiency of the traditional pension system. They wanted to create a simple and transparent platform that would help people take control of their retirement savings. Today, PensionBee has over 100,000 customers and manages more than £1 billion in assets.

The process of consolidating your old pensions with PensionBee is quick and easy. All you need to do is sign up on their website or mobile app, provide some basic information about yourself and your existing pensions, and they will take care of the rest. PensionBee will contact your previous providers on your behalf, transfer all your funds into a new plan with one provider (Legal & General), and give you access to an online dashboard where you can monitor your investments.

One of the key benefits of using PensionBee is that it offers a range of investment options to suit different risk appetites and goals. You can choose from three plans – Tracker (low-risk), Match (medium-risk), or Tailored (high-risk) – depending on how much control you want over where your money goes. Each plan invests in a mix of stocks, bonds, property, and cash to provide diversification across different asset classes.

Another advantage of using PensionBee is that it provides full transparency on fees. Unlike traditional pension providers who often hide fees behind complex jargon or hidden charges, PensionBee offers a clear breakdown of what you are paying for. They charge a simple annual fee of between 0.5% and 0.95% depending on the plan you choose, which covers all investment management, administration, and advice costs.

PensionBee also offers a range of tools and resources to help you make informed decisions about your retirement savings. Their online dashboard provides real-time updates on your investments, as well as projections of how much you could have saved by the time you retire. They also offer free guidance on topics such as pension transfers, tax relief, and retirement planning through their blog and customer support team.

In summary, PensionBee is a game-changer in the world of pensions. It offers a simple and transparent solution for consolidating your old pensions into one new plan with Legal & General. With its range of investment options, full fee transparency, and helpful tools and resources, PensionBee makes it easy for anyone to take control of their retirement savings in just five minutes. So why wait? Sign up today and start planning for your future with PensionBee!