How does PensionBee work?
At PensionBee we provide full transparency and control over your savings by helping you combine your old pension pots into one new online plan, where you can check your balance, contribute and withdraw in a few clicks. It’s free to get started, just tell us who your old providers are and we’ll arrange to transfer your money. If we discover that your old pension provider charges an exit fee of more than £10, or that your pension comes with special benefits, we’ll ask your permission before we complete the transfer.
My pensions were dotted around all over the place. I didn't know what they were worth or where they were. By bringing my pots all into one easy online plan, PensionBee has made sure that I never lose track again.
41, PensionBee customer
What happens next?
Once we have reviewed your pension policy paperwork, we’ll organise the transfer and your own personal account manager – also called a BeeKeeper – will keep you updated every step of the way. Your money will be invested and managed by one of the world's biggest money managers – BlackRock, State Street, HSBC or Legal & General – depending on the plan you choose to invest your pension into.
The thought of having to contact pension providers to bring my pensions together into one pot has always seemed daunting, PensionBee have taken this task and made everything so simple and fuss-free.
— Michelle Thompson, Trustpilot
What does it cost?
At PensionBee we’ll charge you one fair and transparent annual fee for managing your pension. The amount you’ll pay will range from 0.50-0.95% depending on the plan you choose. It’s free to combine, contribute and withdraw with PensionBee, unless you take your whole pension out within 12 months of joining. In this scenario a full withdrawal fee of £480 will apply.
What will you get with PensionBee?
We don’t believe in jargon, paperwork or hidden fees. Just a simple online pension that puts you in control of your retirement. You can check your real-time balance, track the performance of your investments and set up contributions and withdrawals 24/7, from your favourite device.
Is your money safe with us?
Your money is held by some of the world’s biggest money managers. If anything happens to them, your money is protected by the FSCS (Financial Services Compensation Scheme) with no upper limit. Additionally PensionBee is directly authorised and regulated by the Financial Conduct Authority, and is a member of the Association for British Insurers.
Hi Priyal, thanks for sorting out my pension. I can see all my pensions have now transferred, fantastic!
Hi Lynn, you're welcome! Let me know if there is anything else I can help you with :)
Do you have more questions?
When you join PensionBee you’ll get personal customer support from your very own BeeKeeper who’ll look after you and your pension. Should you have any questions during the sign up journey, or beyond, you can always call or message your BeeKeeper, who will be happy to assist you.
Absolutely brilliant. They have an excellent customer service team who are extremely knowledgeable, and are always there to assist you with any queries regarding the process of transferring multiple pensions into one pot.
— Viktoria, Trustpilot
What our customers say about us
The BeeKeepers helped make signing up seamless. The whole process was so easy and painless that I didn't even really have to think about it!
— David (29), Marketing professional
My pensions were dotted around all over the place. I didn't know what they were worth, where they were. PensionBee have brought my pots all into one easy online plan. Simple.
— Lynn (39), Managing director
PensionBee sorted a historical mess I had very quickly and easily. I didn't think I had the time to fix things, but PensionBee offered the perfect solution.
— Juan (48), PR consultant