PensionBee

PensionBee is an online personal pension scheme provider operating in the UK and the US. It was co-founded in 2014 by its chief executive officer, Romi Savova, and chief technology officer, Jonathan Lister Parsons.

It is authorised and regulated by the Financial Conduct Authority in the UK.[1] It is authorised and regulated by the Securities and Exchange Commission in the US.[2]


History

UK Operations

In 2021, PensionBee joined the High Growth segment of the main market of the London Stock Exchange.[3] In April 2022, it transitioned to the Premium segment,[4] and from 20 March 2023 PensionBee has been a constituent of the FTSE All-Share and FTSE SmallCap indices.[5] From December 2023, PensionBee has also been included as a constituent of the FTSE4Good Index.[6]

US Operations

PensionBee launched its US operations in July 2024, partnering with State Street Global Advisors.[7] The platform aims to simplify retirement savings for American consumers by allowing them to consolidate and roll over their 401(k) plans into new Individual Retirement Accounts (IRAs). To support this expansion, PensionBee raised approximately $25 million (£20 million) in October 2024.[8]

In the first quarter of 2025, the company added 11,000 new "invested customers", for a total of 275,000. Assets under administration grew in the same period to $8bn globally.[9][10] In August 2024, the company announced a partnership with investment management firm State Street Global Advisors, for expansion into the US market.[10]

Leadership

  • Non-Executive Chair: Mark Wood
  • Senior Independent Director: Mary Francis
  • Chief Executive Officer: Romi Savova
  • Chief Technology Officer: Jonathan Lister Parsons
  • Chief Financial Officer: Christoph J.Martin[11]

References

  1. ^ "PensionBee Ltd". FCA.
  2. ^ Adviser Info SEC PensionBee Inc https://reports.adviserinfo.sec.gov/crs/crs_331741.pdfttitle= PensionBee Inc. {{cite web}}: Check |url= value (help); Missing or empty |title= (help)
  3. ^ "London Stock Exchange welcomes PensionBee to the High Growth Segment of the Main Market". London Stock Exchange.
  4. ^ "PensionBee joins London Stock Exchange Premium Segment as AUA hits £2.74bn". AltFi. April 21, 2022.
  5. ^ "PensionBee Group plc - FTSE UK Index Inclusion" (Press release). PensionBee – via Polaris.
  6. ^ "FTSE4Good Index Series December 2023 Semi-Annual Review". Research FTSE Russell. December 8, 2023.
  7. ^ "PensionBee Inc". LSE.
  8. ^ Proactive Investors PensionBee Inc. https://www.proactiveinvestors.com/companies/news/1072333/ajax-resources-applies-for-aquis-listing-and-plans-raise-to-advance-argentine-projects.html= PensionBee Inc. {{cite web}}: Check |url= value (help); Missing or empty |title= (help)
  9. ^ Carr, Rosie; Robinson, Mark; Slingo, Jemma; Fahy, Michael (7 September 2024). "Stockpickers: PensionBee's promise lies in it being a scalable business". Financial Times.
  10. ^ a b "PensionBee eyes US retirement market". Investors' Chronicle.
  11. ^ "PensionBee Leadership". PensionBee. January 19, 2024.
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