Update on Assets under Administration

PensionBee Group plc

27 January 2025

 

PensionBee Group plc Incorporated in England and Wales Registration Number: 13172844 LEI: 2138008663P5FHPGZV74 ISIN: GB00BNDRLN84

27 January 2025 PensionBee Group plc Update on Asset under Administration

PensionBee Group plc ('PensionBee' or the 'Company'), a leading online pension provider, is pleased to announce that it has achieved Assets under Administration of over £6 billion on behalf of more than 265,000 Invested Customers.

This milestone demonstrates the successful continued execution of the Company's strategy, and has been achieved through a combination of consistently high customer retention and strong net inflows from new and existing customers.

Romi Savova, CEO of PensionBee, commented:

"Reaching over £6 billion of Assets under Administration marks another step in our journey of creating a global leader in the consumer retirement market, helping our customers in the UK and the US to build pension confidence and enjoy a happy retirement. This success showcases our ability to consistently execute our company strategy. A combination of our commitment to delivering exceptional customer service, our scalable technology platform, and innovative products designed to meet the evolving needs of our customers, have driven robust customer retention and strong net inflows from new and existing customers. We are excited about the opportunity to help even more individuals across the world achieve a fulfilling retirement."

Enquiries Press Laura Dunn-Sims Steven Kennedy [e-mail] [phone] Analysts and Investors [e-mail]  About PensionBee

PensionBee is creating a global leader in the consumer retirement market with £6 billion in assets on behalf of more than 265,000 customers. Founded in 2014, we aspire to make as many people as possible pension confident so that everyone can enjoy a happy retirement. We help our customers to combine their retirement savings into a new online account, which they can manage from the palm of their hand. PensionBee accounts are invested by the world's largest investment managers, collectively looking after more than $10 trillion in savings between them. Each PensionBee customer has a personal account manager ("BeeKeeper") to guide them through their savings and retirement journey. PensionBee has an "Excellent" Trustpilot rating based on 11,500 reviews. As a public company, we aspire to the highest standards in everything we do because our customers deserve peace of mind. Our team of approximately 204 professionals, based in London and New York, has one focus: you, our customer. PensionBee is listed on the London Stock Exchange (LON:PBEE). Forward Looking Statements Statements that are not historical facts, including statements about PensionBee's or management's beliefs and expectations, are forward-looking statements. The results contain forward-looking statements, which by their nature involve substantial risks and uncertainties as they relate to events and depend on circumstances which will occur in the future and actual results and developments may differ materially from those expressly stated or otherwise implied by these statements. These forward-looking statements are statements regarding PensionBee's intentions, beliefs or current expectations concerning, among other things, its results of operations, financial condition, prospects, growth, strategies and the industry and markets within which it operates. These forward-looking statements relate to the date of these results and PensionBee does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of the results.

 

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