PensionBee active user base nears 60,000, with uptick in those over age of 45

By John Reynolds on Monday 21 October 2019

Savings and Investment

The digital pensions provider says it has now signed up over 210,000 customers.

  PensionBee active user base nears 60,000, with uptick in those over age of 45
Image source: Image of Roma Savova provided by PensionBee.

Digital pensions provider PensionBee has added nearly 15,000 active users since the end of July meaning it now has nearly 60,000 active users, with an uptick of customers over the age of 45, according to its chief executive Romi Savova.

Savova told AltFi PensionBee’s active user base had jumped from 46,000 at the end of July to now nearing the 60,000 mark.

Overall, PensionBee said it had signed up over 210,000 customers since it was launched in 2015.

Savova said: "The fortunate thing about our customers is that they are a fairly diverse lot. And so the growth has really been across all of our core customer segments."

"And we serve consumers from the age of 20 all the way up to 70. And so when were grow, it's rarely a particular segment that's growing, it's usually across the board."

"However, we have seen a slightly larger uptick of customers over the age of 45."

PensionBee helps customers to find and combine their old pension into a single online plan.

PensionBee offers its customers the opportunity to invest ethically through its "future world plan" which backs low-carbon companies.

Users can also choose to invest through other partners, such as HSBC, BlackRock and Legal & General.

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