REG - PensionBee Group plc - Update on Assets under Administration

PensionbeeAnnouncement

27/01/2025 07:00

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RNS Number : 6964U  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

 press@pensionbee.com (mailto:press@pensionbee.com)

 +44 20 3557 8444

 Analysts and Investors

 investor@pensionbee.com (mailto:investor@pensionbee.com)

 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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