PensionBee: Losses slashed as US expansion helps revenue surge March 13, 2025 PensionBee has hailed a “transformative year” for the listed business as it slashed its pre-tax loss and grew its revenue by almost £10m as it expanded into the US. The company has posted a pre-tax loss of £3.1m for 2024, down from the £10.5m loss it reported for 2023. New figures filed with the London [...]
Public service reform is pro-business, pensions minister argues February 20, 2025 Reforming Britain’s public services is a pro-growth and pro-business policy, the pensions minister has argued. Torsten Bell, who was appointed in the mini-reshuffle following City minister Tulip Siddiq’s departure from government, has said it’s not possible to have a “failing state and a growing economy”, in an interview with the Guardian. The former Resolution Foundation [...]
UK savers back AI on pensions, but ‘not as a substitute for humans’ February 12, 2025 UK savers are open to artificial intelligence (AI) playing a key role in pension customer support. But, most would rather have a combination of AI and human interaction, rather than a fully automated system. A recent survey by pension scheme provider PensionBee found that of its 1,000 participants, 79 per cent favoured a hybrid approach. [...]
Over-complicated pensions are wasting UK growth potential February 4, 2025 The UK pension industry has the potential to significantly influence economic growth - so let's do it, says Phoenix Group's Mike Eakins.
Pension funds may still be forced to back Britain, minister warns November 18, 2024 Pension funds could still be forced to invest in Britain if they do not voluntarily boost their allocation to UK stocks and infrastructure projects, the pension minister has suggested. Ministers have been pushing the UK’s £1.3 trillion defined contribution and local government pension system to lift its investment in UK assets since coming to power [...]
How Rachel Reeves plans to use pension pots to fund an investment boom November 14, 2024 The Chancellor Rachel Reeves is set to lay out one of the most significant shake-ups of the pension system in decades today after years of calls from the City to lean on the sector to fund an investment boom. Currently, 86 different local government pension schemes manage assets between £300m and £30bn, with local government [...]
Reeves eyes £80bn investment with pension ‘megafunds’ November 14, 2024 The Chancellor Rachel Reeves will unveil plans to consolidate the UK’s sprawling £400bn local authority pension schemes today in a bid to unlock a wave of investment into the UK. In her first Mansion House speech in the City, Reeves is expected to announce a new Pension Schemes Bill to be introduced next year, aiming [...]
What Canada wants from Reeves’s Mansion House speech November 12, 2024 Treasury officials have been hitting the phones to City firms over the past two weeks as Rachel Reeves prepares to deliver the government’s annual Mansion House speech to the financial services sector. The backdrop is a fractious one for the Chancellor. While the Labour party built cordial ties with the Square Mile in the run [...]
Reeves to lay out pensions overhaul in Mansion House speech November 3, 2024 Rachel Reeves will reportedly propose an overhaul of Britain's pension fund industry in her first Mansion House speech as the government tries to unlock billions of pounds worth of investment.
Pensionbee boss reveals the secret to a successful pension October 22, 2024 Pensionbee CEO Romina Savova has revealed what she describes as the big secret behind a successful pension.
