PensionBee calls for inclusive pension reform as Government debates Bill
The company said too many workers are still missing out, especially those in part-time, lower-paid, and gig economy jobs.
PensionBee warns modest pension income growth won’t secure comfortable retirement
Lisa Picardo said: “Relying solely on the State Pension or a workplace scheme where only the minimum has been put aside is unlikely to provide the financial security most aspire to.”
PensionBee calls for 10-day pension switch guarantee as pension delays persist
The report found some pension transfers took less than seven working days, but others dragged on for months or even years.
Majority of UK savers choose stability over high returns for pensions – PensionBee
Almost half of those surveyed, at 49%, preferred a moderate-risk approach, accepting some ups and downs if their pension grew over time.
2024 pension contributions surge by £285, as gender gap widens
On average, savers contributed £285 (19%) more to their pensions in 2024 compared to 2023, taking the average up from £1,192 to £1,477.
45% of over 65s do not trust AI for financial advice – PensionBee
The survey revealed that 22% of over-65s said there were no benefits of AI, while 10% of under-65s and 5% of 18 to 34 year olds agreed.
Pension transfer delays persist as industry struggles to improve efficiency, finds PensionBee
In 2024, research revealed that the average transfer time among providers that transferred pensions to PensionBee was 22.4 days.
65% of older savers express confidence in pensions, according to Pension Confidence Index
By December 2024, 65% of savers aged 55 and older expressed confidence in their pensions.
Confidence in UK retirement prospects hits record high
PensionBee’s latest Pension Confidence Index shows a surge in retirement optimism among Brits, with older savers leading the charge, though concerns persist for those under 55.
Pension funds headed for another year of strong returns, banks predict
Pension funds could be headed for another year of strong returns in 2025, according to predictions from investment banks.
Pension funds average 7.72% annual growth, savers further from retirement benefit most – PensionBee
A previous survey conducted by PensionBee revealed that more than a third of savers between the ages of 18 and 54 anticipated returns of between 5% and 7%.
UK pension pot sizes see significant growth, PensionBee study shows
PensionBee's latest analysis shows a 16% increase in average UK pension pot sizes, with notable regional variations and persistent gender disparities in retirement savings.
