REG - PensionBee Group plc - Update on AUA and Invested Customers

PensionbeeAnnouncement

13/06/2024 07:00

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RNS Number : 2128S  PensionBee Group plc  13 June 2024

 

PensionBee Group plc

Incorporated in England and Wales

Registration Number: 13172844

LEI: 2138008663P5FHPGZV74

ISIN: GB00BNDRLN84

 

 

13 June
2024

 PensionBee Group plc
 Update on Assets under Administration and Invested Customers
 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 £5 billion, reaching 250,000 Invested Customers in
 June 2024.

 These important milestones have been achieved through the continued delivery
 of the Company's strategy, driven by a combination of high and consistent
 customer retention and strong net inflows from new and existing customers.

 Romi Savova, CEO of PensionBee, commented:

 "Reaching a quarter of a million Invested Customers across the UK is a
 significant milestone in our journey, as we help to meet the country's ever
 greater need for long-term retirement planning and preparedness, creating
 Pension Confidence.

 The continued growth of the business in line with our ambitions, demonstrated
 by Assets under Administration of £5 billion, has been achieved through our
 prioritisation of delivering excellent customer service, our scalable
 technology platform and our innovative product designed to meet the needs of
 our customers. We look forward to helping even more people achieve a happy
 retirement."

 Enquiries:

 Press

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

 +44 20 3557 8444

 Becky O'Connor

 Laura Dunn-Sims

 Steven Kennedy

 Analysts and Investors

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

 About PensionBee

 PensionBee is a leading online pension provider, making pension management
 easy for its customers while they save for a happy retirement.

 PensionBee helps its customers combine their old pension pots, make flexible
 contributions, invest in line with their goals and values and make withdrawals
 from the age of 55 (increasing to 57 in 2028). PensionBee offers a range of
 investment plans, including fossil fuel free and impact investing options,
 from some of the world's largest asset managers.

 Operating in the UK Defined Contribution market which exceeds £1 trillion of
 pension assets, PensionBee has grown rapidly through its direct-to-consumer
 marketing activities, creating a household brand name for the mass market.

 The Company has £5bn in Assets Under Administration and 250,000 Invested
 Customers as at June 2024. PensionBee has consistently maintained a Customer
 Retention Rate in excess of 95% and an Excellent Trustpilot rating from more
 than 10,500 customers, reflecting its commitment to outstanding customer
 service.

 PensionBee is admitted to trading on the Premium Segment of the London Stock
 Exchange's Main Market (LON:PBEE).

 

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