PensionBee comments on Guided Retirement proposals

‘Making retirement simpler must not mean taking away personal choice’, PensionBee comments on Guided Retirement proposals

In response to the Government’s announcement of further consultations in relation to Guided Retirement and proposals to introduce default retirement options for around 17 million private sector workers.

Everyday living costs take priority over pension saving for UK households following Autumn Budget

Everyday living costs are taking priority over pension saving for UK households, with just 9% of people identifying increasing their pension contributions as a key financial priority over the next 12 months.

Budget is one step forward, two steps back for Britain’s entrepreneurs, PensionBee warns

The Autumn Budget risks undermining the Government’s ambition to help British entrepreneurs start, scale and stay in business, sending mixed messages with changes to the tax framework, PensionBee has warned.

Cash ISA U-turn on the cards as Healey opts for carrot over stick

Chancellor John Healey is reportedly set to scrap controversial plans to cut the annual Cash ISA allowance from £20,000 to £12,000 for under-65s, according to the Financial Times.

Budget 2026 - 5 money changes every household needs to know about

Chancellor John Healey has delivered his first Autumn Budget against a challenging backdrop of rising living costs, stubborn inflation and pressure on the public finances.

PensionBee responds to pension announcements in the 2026 Autumn Budget

PensionBee has responded to the pension-related announcements made by Chancellor of the Exchequer John Healey MP in the 2026 Autumn Budget

Almost half of savers have avoided asking a pension question because they thought it was too basic

Savers are staying silent on pension questions they fear are too basic or embarrassing, despite widespread uncertainty about retirement savings

Self-employed workers risk losing £70,000 in retirement savings as Chancellor's first Budget nears

A year of evidence from PensionBee's Invisible Workers campaign lands weeks before Chancellor John Healey's first Budget and amidst growing speculation that self-employed private pension reform is on the cards in Spring 2027.

Budget 2026: The known knowns, known unknowns and unknown unknowns for British households

With the conflict in the Middle East fuelling a renewed cost-of-living squeeze, Chancellor John Healey faces a difficult balancing act when he delivers his first Autumn Budget on 28 October.

One in ten AI pension answers found to be potentially harmful

One in ten (11%) answers to common pension questions given by AI chatbots could lead savers to lose money or make a mistake they can't undo.

Property, pensions and the Personal Allowance: what Healey’s Budget could mean for your money

Featured in the press: How much money can I give tax-free to my grandchildren?

MoneySuperMarket has put together a guide to the various ways grandparents can pass on money to their grandchildren without triggering a hefty tax bill

Carer’s Allowance scandal highlights a wider £30,000 retirement penalty for unpaid carers

The recent Carer’s Allowance scandal has put the financial pressures facing unpaid carers under the spotlight, but an even bigger cost can come later, with multiple periods of unpaid care potentially leaving people £30,000 worse off in retirement.

Half of Britons willing to delay retirement to own their home outright, new survey finds

New research from PensionBee reveals that for most UK adults, owning a home outright is considered more important than preserving their pension and is worth sacrificing retirement years to achieve.

Millions could soon discover forgotten pension pots as pensions dashboards connection deadline approaches

Millions of savers could soon be reunited with lost and forgotten pension pots, as the UK's pensions dashboards project reaches a major milestone next month.

Savers are crystal clear on Budget demands: unfreeze the personal allowance and give us more flexibility

Savers are clear about what they want from John Healey's first Autumn Budget on 28 October, a new PensionBee survey reveals, with increasing the annual pension allowance, scrapping the planned inheritance tax changes to pensions, and unfreezing the personal allowance topping the list.

State Pension on course for a 3.9% rise but frozen tax threshold will pull more pensioners into the tax net

Millions of UK pensioners are on course for a potentially inflation-beating increase in their State Pension next April, however the rise will also push the full new State Pension above the frozen income tax Personal Allowance – putting the interaction between the Triple Lock and the tax system firmly in focus ahead of the Autumn Budget.

The generation that can’t picture retirement: Gen X twice as likely to draw a blank on later life

11% of Gen X say they can't picture their retirement at all, more than double the rate of any other generation

PensionBee simplifies retirement with launch of Automatic withdrawals

PensionBee has transformed the way savers take money from their pensions with the launch of its Automatic withdrawals feature.

Back to school: turn a forgotten £2,000 Child Trust Fund into a pension head start

As students head back to school, college and university this month, PensionBee urges families to track down £1.5bn in forgotten Child Trust Funds and highlights how starting early could help your child build a substantial pension for the future.

Savers want the best returns, regardless of where their pension is invested, PensionBee research suggests

New PensionBee research finds most pension savers prioritise investment performance over investment location, preferring their money to be invested wherever it is most likely to deliver strong returns.

The retirement reality gap: Britons can picture their dream retirement, but only one in six are confident they can afford it

Britons are surprisingly optimistic about the retirement they want, but far less confident about their ability to pay for it, new research from PensionBee reveals.

PensionBee tackles retirement planning with Saracens in new "Born to Retire" ads

PensionBee has today launched the second instalment of "Born to Retire", its latest brand campaign which is running across connected TV, radio, out-of-home and digital channels.

Rise of the ‘golden gap year’: five money checks before you sail off into the sun

As the final bank holiday of the summer approaches, PensionBee looks at the growing appeal of taking a gap year later in life and the financial checks to make before packing your bags.

New fiscal order: can the past predict team Burnham's first Budget?

With a little over two months to go until Chancellor John Healey's first Budget on Wednesday 28 October and a persistent fiscal imbalance, PensionBee has looked at the parliamentary voting records of five people who will shape it.

A-level results: Five financial lessons for the class of 2026

Thousands of young people across England, Wales and Northern Ireland will receive their A-level results on Thursday, facing a bigger choice than simply which university to attend. Rising costs, tougher graduate job prospects, competition for apprenticeships and AI are reshaping the routes into working life.

Three life events that could knock your retirement off course

Retirement adequacy is no longer just about how much you’ve saved but is increasingly shaped by family obligations, silver separations and caring responsibilities. According to a major new report by the Pensions Policy Institute for the Association of British Insurers, titled Pensions Adequacy: Housing, Households and Auto-Enrolment, changing family dynamics are creating new pressures that could leave more people falling short in retirement.

PensionBee becomes Saracens' new front-of-shirt Partner in landmark three-year extension

Having joined the Saracens family as Official Pension Partner ahead of the 2025/26 campaign, PensionBee will now take its place on the front of the Men's and Women's match shirts from the 2026/27 season, alongside expanded branding across training wear, coaches' kit, matchday bibs, and match shorts.

Where you save can matter as much as how much you save for a disabled child, says PensionBee

Families of disabled children understandably focus on immediate care and support needs, but early financial planning can also play an important role in securing their child's long-term financial future.

Workplace pension participation continues to creep up

An additional 600,000 employees were saving into a workplace pension in 2025, according to the latest Office for National Statistics pension participation trends data published today.

A little goes a long way for the self-employed, PensionBee data reveals

New data from PensionBee shows that the overwhelming majority of self-employed pension savers are contributing to their retirement sporadically - with 87% making fewer than six one-off payments in a year, less than one every two months on average.

Five pension questions the new Prime Minister needs to answer

With Andy Burnham now in office as Prime Minister and confirmation that Torsten Bell will remain as Pensions Minister, pension savers and the industry are waiting to see whether former commitments survive the harsh reality of governing. PensionBee, a leading retirement savings provider, has set out five questions it believes the new leader must address in his first months in Downing Street.

PensionBee backs DWP proposals to fix pension transfer rules that are failing ordinary savers

PensionBee has welcomed the Government’s proposed changes to the pension transfer regulations as a positive step forward, and urged it to proceed swiftly to reduce unnecessary friction and frustrating delays for savers trying to move their retirement savings.

IHT tax receipts hit highest level on record as families face growing estate planning challenge

Inheritance tax (IHT) receipts have reached their highest monthly level on record, according to the latest HMRC figures, with the Treasury collecting £2.3 billion between April and June 2026 - £96 million more than during the same period last year. The figures underline the growing number of families being drawn into the inheritance tax net as the UK enters a new political era under Prime Minister Andy Burnham.

Triple Lock at a crossroads: balancing pension security, fiscal sustainability and intergenerational fairness

As the UK prepares to welcome its second Prime Minister within a single Parliament, one commitment has survived the upheaval largely unchallenged: the state pension Triple Lock.

PensionBee urges Commission to tackle the Invisible Pension Penalty

PensionBee has submitted formal evidence to the Second Pensions Commission's call for views, warning that disabled people, unpaid carers and those in non-traditional work are facing a growing and overlapping retirement savings crisis that current policy proposals risk failing to address.

Auto-Enrolment built for a Britain that no longer exists - PensionBee comments on Pensions Adequacy report

The UK’s pensions system was designed for a Britain that no longer exists, according to a major new report commissioned by the ABI and produced by the Pensions Policy Institute (PPI).

What Burnham’s Cabinet will earn and how their pensions compare

With Andy Burnham widely expected to enter Downing Street on 20 July and unveil his first Cabinet only once in office, favouring what has been described as a “one and done” approach to appointments, speculation continues over who will take on some of the most powerful jobs in government.

Wimbledon’s first-round losers could turn their £80,000 cheque into a £625,000 retirement pot

Half of UK adults have a ‘side hustle’ but only 5% pay any into a pension

Just 5% of the UK’s growing cohort of side hustlers save any of their earnings into a pension

Pension savers left wanting more from tech giants following recent AGM results

Pension savers are seeking greater transparency from major technology companies following recent shareholder votes at the Annual General Meetings (‘AGMs’) of Meta and Alphabet on resolutions linked to the growing energy demands of AI and data centres.

The Pensions Commission highlights the self-employed pensions crisis - now it’s time to act

A year ago, PensionBee launched its Invisible Workers campaign.Twelve months on, the Pensions Commission has now confirmed what the campaign has been saying all along.

Only 1 in 11 savers on track for a comfortable retirement, new figures reveal

New research from Pensions UK has laid bare the scale of the UK’s retirement savings crisis, with updated Retirement Living Standards showing that only 9% of the working population are on track for a comfortable retirement and just 23% are on track to reach a moderate standard of living.

Thousands of savers trying to move pensions suffer delays from obscure scam flag alerts

Data obtained from a Freedom of Information request showed only a minority of transfers flagged as potential scams are genuinely high risk.

Young people disabled before entering the workforce face pension gap of over £245,000

A young person disabled before entering the workforce could retire with a pension pot more than £245,327 smaller than their non-disabled peers

Taking tax-free cash has become a “no brainer” but at what cost?

PensionBee comments: just 1 in 25 self employed save for retirement

PensionBee calls for reform: after Commission finds just 1 in 25 wholly self-employed are saving for retirement

Pensions and inheritance tax: HMRC reveals more on how the new rules will work

One of the most controversial pension tax changes in recent years has moved a step closer, with HMRC publishing a technical note this week on how pensions will fall within inheritance tax rules from April 2027.

Millions face pension access cliff edge ahead of age 57 rule change

Millions of pension savers born between 6 April 1971 and 5 April 1973 could face an unexpected two year wait to access their pension savings unless they act before 6 April 2028, according to PensionBee.

HMRC data reveals self-employed workers on lowest incomes are twice as likely to file late

A Freedom of Information request submitted to HMRC has revealed that self-employed workers on the lowest incomes are significantly more likely to miss the Self Assessment filing deadline than higher earners. Those below the basic rate tax threshold are filing late at nearly double the rate of higher and additional rate taxpayers.

Bank holds rates as oil surge fuels inflation fears

The Bank of England has voted by a majority 8 - 1 to maintain the bank rate at 3.75%, defying mounting inflationary pressures driven by the oil price hitting new highs.

PensionBee launches calculator showing the scale of pension shortfall for workers outside auto-enrolment

PensionBee has launched a new calculator showing how much people lose by missing out on workplace pension contributions via auto-enrolment, with “invisible workers” hit hardest, from the self-employed and gig workers to part-time earners and those taking career breaks.

Turn your 50p pay rise into more than £50,000 at retirement

As millions receive their first payslips with the National Living Wage increase, PensionBee urges diverting the extra cash into their pension.

PensionBee comments on the government's rejection of Lords amendments to the Pension Schemes Bill.

Four reasons your pension transfer take forever

PensionBee sets out the four key reasons behind pension transfers stalling in some corners of the industry - and what needs to change to fix this.

PensionBee welcomes FCA consultation on ESG ratings regulation

PensionBee has welcomed the FCA's move to introduce regulation for Environmental, Social and Governance (ESG) ratings providers.

Pension insufficiency: a long term consequence of employment struggles

Wage growth was down to its lowest level for five years at 3.8 per cent at the beginning of 2026, while unemployment persisted near its five-year high of 5.2 per cent in the three months to January 2026, according to official data published this morning.

Tax year end countdown: five pension moves to make

Savers are being urged to look beyond ISAs and not forget the importance of pensions - one of the most tax-efficient ways to build long-term wealth.

Saracens announce PensionBee as Official Pension Partner

The agreement marks a significant dual-team partnership, underlining a shared commitment to long-term performance, planning and security, both on and off the pitch.

Slowest pension providers take 18 times longer to move savers’ money in transfer lottery

New data reveals the worst pension providers and administrators are taking 18 times longer to transfer retirement savings than the best, as PensionBee renews its call for Government legislation to encourage fast, digital transfers fit for the 21st century.

Houmous in, hotels out - what the latest inflation basket says about Britain’s changing spending habits

Houmous is now part of the UK’s official measure of inflation. The popular chickpea dip has been added to the annual “basket of goods” compiled by the Office for National Statistics (ONS), highlighting how Britain’s spending habits - and everyday diets - are changing as supermarkets expand their ranges and consumer tastes evolve.

Gap persists between public and private sector employees; men and women

PensionBee responds to the latest figures from the Office for National Statistics, revealing public sector workers remain ahead on participation and contributions in workplace pensions, while men continue to be more likely to contribute through work schemes than women.

Nine in ten Brits don’t know their pension tax relief rate

Almost nine in ten Brits (88%) do not know the rate of tax relief they receive on pension contributions

Stagflation fears mount: five ways it could impact your pension and personal finances

Despite oil prices easing and stock markets rebounding, the fallout from escalating tensions in the Middle East continues to filter through to global economies. PensionBee evaluates five ways the latest escalation could impact your personal finances and pension.

Majority of self employed women have not calculated pension impact of maternity leave

Nearly two-thirds (62%) of self-employed women fail to calculate how maternity leave could affect their long-term retirement savings, according to new research from PensionBee.

FCA proposals open door to guesswork on returns, placing savers at risk of harm

Plans that encourage ‘crystal-ball gazing’ in regulatory proposals to create ‘Value for Money’ pension comparisons could financially harm savers and encourage excessive risk-taking by pension schemes.

PensionBee calls for stability ahead of Spring Statement

Ahead of the Spring Statement, PensionBee is warning that further adjustments to pension policy would only add to saver uncertainty, urging the Government instead to commit to long-term stability.

Women out-save men in self-assessment month

Women paid more into their pensions than men in January 2026, for only the second time in PensionBee’s history. Female customers contributed 104% of the amount men contributed, despite accounting for only 42% of total customers.

AI til I die? The rise of ChatGPT in retirement planning

Pension savers are increasingly relying on AI rather than financial guidance and advice websites to kickstart their retirement planning, according to data analysed by PensionBee, a leading online pension provider.

The self-employed without pensions are unaware of tax relief perk - despite openness to saving

PensionBee's latest research reveals that a lack of clarity about how pensions work, rather than a lack of willingness to save, is one of the biggest barriers preventing self-employed people from building retirement savings.

Prepare for the ‘retirement smile’ - what shorter healthy life expectancies mean for pension planning

PensionBee comments on new data from the Office for National Statistics (ONS) showing that the number of years which can be expected to be spent in good health has fallen.

Number of self-employed women highest since 2020

With the number of women in self-employment in the last quarter of 2025 being the highest recorded since mid-2020, Pensionbee comments on what the self-employed need to be wary of when it comes to saving for retirement.

PensionBee calls for pension transfer reform to cover the whole industry, not just part of it

PensionBee has today called on the Financial Conduct Authority (FCA) to ensure that proposed reforms to pension transfers apply across the entire UK pensions market - warning that anything less would entrench a two-tier system and fail consumers

Gold soars - should you add it to your pension? PensionBee comments

With the gold price at a record high and mounting concerns growing over stock market concentration and volatility, PensionBee offers three key considerations if you’re thinking about adding the yellow metal to your pension.

Lifetime ISA changes - PensionBee urges the government not to forget retirement savers

Proposed changes to the Lifetime ISA (LISA) may simplify support for first-time buyers - but risk abandoning thousands of savers who have used the LISA to save or supplement their retirement, PensionBee warns.

Petition closes as savers trigger Government response on pension switching

PensionBee has welcomed a formal response from the UK Government to its parliamentary petition calling for a 10-day pension switch guarantee, after more than 16,500 savers from all 650 UK constituencies added their names to the campaign.

Four ways completing a tax return can help boost your pension

Missing the Self-Assessment deadline not only risks a penalty for late filing but could cost individuals hundreds, if not thousands, of pounds in unclaimed tax relief.

Oliver Wyman: PensionBee as favourite Fintech

Oliver Wyman London office staff vote PensionBee as their favourite fintech startup in the Fintech Programme.

Meet the Brightonians making extra cash out of their cars

Self-employed juggle tax deadlines and pensions as income volatility undermines long-term saving

New research from PensionBee reveals that while most self-employed workers are actively engaging with pensions, widespread participation is masking a deeper issue.

PensionBee urges action to close the growing gap between retirement expectations and reality

PensionBee has warned that millions of people in the UK are heading towards retirement incomes far below what is commonly understood to be adequate, in its response to the All-Party Parliamentary Group (APPG) call for evidence on Income in Retirement.

Pension procrastination: good intentions mask inaction

Despite good intentions at the start of the new year, most Brits are still putting off pension action

Savers urged to act as pension transfer petition nears deadline

PensionBee is warning that this is the final opportunity for savers to add their names to a petition calling for legislation on pension transfer times

Fintech start-up PensionBee launches next generation, Financial Conduct Authority regulated online pension to simplify UK savings market

PensionBee, an innovative young company, has unveiled a service that helps customers to find their old pensions and combine them into a single, online plan.

Raise the kids or raise your pension? Women hit by increasing pension gap from their 30s

Women face a huge dilemma between retirement saving and raising children, according to data collected by PensionBee.

Almost 9 million UK adults are missing an old pension pot

New analysis conducted on behalf of PensionBee, reveals that nearly one in five (19%) UK adults feel they've probably lost a pension pot.

PensionBee wins at the Computing Tech Marketing & Innovation Awards

PensionBee wins the award for ‘Diversity and Inclusion Champion’ at the Computing Tech Marketing & Innovation Awards.

PensionBee cuts fees for customers with pensions of more than £100,000

‘Super savers’ save up to five times more in their pension than the average for their age group

Some pension savers could wear capes, according to new analysis from PensionBee, which has identified the emergence of ‘super savers’.

‘Pot for life’ pensions are great news for savers

PensionBee Director (VP) of Public Affairs, Becky O'Connor, responds to the announcement that the Chancellor is set to introduce a pension 'pot for life' in the Autumn Statement.

Workplace pension statistics show clear cut case to boost ‘invisible worker’ pensions

Latest statistics highlight the need to support those outside auto-enrolment.

£64 billion in pension savings could be lost track of due to savers not updating their details when moving house

New research from PensionBee finds that almost a third of savers believe that it doesn’t matter whether they inform their pension provider(s) of a change of address.

£113 billion in pension savings could be at risk during the ‘Great Resignation’

New research from PensionBee finds that 63% of UK workers are currently thinking about or in the process of changing their job, in what has been dubbed the ‘Great Resignation’.

95% of drawdown age savers want to see provider charges on drawdown dashboards

New data released by PensionBee shows that of retirement age savers think it's essential they can see how much their provider is charging them when they log in to the Pensions Dashboards.

of savers have a bad pension transfer story

New research from PensionBee finds that of savers, who have previously tried to change pension providers, feel it was so difficult that they would not attempt another transfer.

Young savers catch up with the same number of pension pots as those double their age

New analysis from PensionBee reveals that while young savers have on average saved much less for retirement so far, they have consolidated as many pensions as older savers.

Women’s pension pots could significantly increase if men took equal share of childcare responsibilities

Economic modelling from PensionBee reveals that the gender pension gap could be closed if men and women were to work the same number of paid hours at equal pay.

Women who retire at the same time as their male partner could lose £225,000 in pension savings

New analysis from PensionBee reveals that many women could lose out on as much as £225,000 in pension savings, should they retire at the same time as their male partner.

Women feel less in control of their pensions than men, new data shows

Women are more likely to experience powerlessness over pension savings than men.

Why your love life could be influencing your pension planning

A study by PensionBee and The Open University has uncovered a striking ‘legacy gap’ between gay and straight men.

‘Making retirement simpler must not mean taking away personal choice’, PensionBee comments on Guided Retirement proposals

Who could you be with PensionBee?