PensionBee urges savers to press MPs for faster pension transfers
The provider launched a letter template to help people write to their MPs about transfer delays, following thousands of signatures on its petition for reform.
School expenses push parents to cut back on pension savings, survey finds
The PensionBee survey found 74% of parents said school expenses put pressure on their ability to save for the future, such as their pension or ISA.
PensionBee petition for 10-day switch guarantee passes 2,000 signatures
The petition urges the Government to bring the process in line with faster switching arrangements already established in banking and savings.
PensionBee launches petition demanding 10-day limit on pension transfer delays
The petition warns that without urgent change, millions of savers will continue to face long waits, while weak providers benefit from delays and confusion.
PensionBee calls for 10-day pension switch guarantee
Research found 63% of people believed delays were stopping them from managing their retirement savings properly.
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.
