PensionBee reports 56% rise in invested customers during 2022

Pension provider’s registered customer base at just under one million

Martin Richmond
clock • 1 min read

PensionBee’s invested customer base increased by 56% to 183,000 by the end of 2022, according to an update published on the London Stock Exchange.

In Q4 2022 trading results published on 19 January, the personal and workplace pension provider also reported its registered customer base increased from 658,000 at the end of 2021, to 986,000. It also revealed its customer retention rate remained consistent at 97%. The firm's trading update also disclosed its revenue increased by 38% to £18m, while its annual run rate revenue increased to £20m. This comes after the firm revealed in November that its assets under administration (AUA) had surpassed £3bn. This is a 17% year-on year increase, up from £2.6bn at the end of 2021, which the ...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
 Be the first to hear about our events and awards programmes.



Already a Professional Adviser member?


More on Pensions

HMRC says administrators will need to continue to operate LTA checks

Lifetime allowance abolition guidance released by HMRC

A look at how LTA will work clients with workplace pension schemes

Jonathan Stapleton
clock 20 March 2023 • 2 min read
LTA abolition: Advisers with NHS pension clients share views

LTA abolition: Advisers with NHS pension clients share views

The surprise move from the chancellor yesterday has been warmly welcomed

Charlotte Moore
clock 16 March 2023 • 2 min read
Simon Dawson / No 10 Downing Street

Spring Budget 23: Advisers respond to the pensions LTA abolishment

Lifetime allowance scrap 'could see more people turn to IFAs'

Hope William-Smith
clock 15 March 2023 • 2 min read