PensionBee — Key Facts 2026
| Feature | Detail |
|---|---|
| Founded | 2014 |
| FCA Regulated | ✅ Yes |
| FSCS Protected | ✅ Yes — up to £85,000 |
| Annual fee | 0.50%–0.95% depending on plan |
| Pension consolidation | ✅ Specialises in finding and merging old pensions |
| Pension transfer time | ~4 working days (faster than most competitors) |
| Investment plans | 9 plans — from Cautious to Shariah-compliant |
| Mobile app | ✅ Yes — iOS and Android |
PensionBee Fees 2026
| Plan | Annual Fee | Fund Manager | Risk Level |
|---|---|---|---|
| Tracker | 0.50% | BlackRock | Medium |
| 4Plus | 0.50% | State Street | Medium-High |
| Tailored | 0.75% | BlackRock | Adjusts with age |
| Fossil Fuel Free | 0.75% | Legal & General | Medium-High |
| Impact | 0.75% | BlackRock | Medium |
| Global ESG Tilted | 0.50% | Legal & General | Medium-High |
| Shariah | 0.75% | HSBC | Medium-High |
| Preserve | 0.50% | Legal & General | Low |
| Pre-Annuity | 0.50% | Legal & General | Low |
PensionBee Pros and Cons
✅ Pros
- Best pension consolidation service in UK
- Simple 9-plan selection — no analysis paralysis
- Fast transfers — ~4 working days average
- Excellent mobile app
- Dedicated BeeKeeper account manager
- Shariah-compliant pension plan available
- 10-year performance: 54.5% median return
❌ Cons
- Higher fees than AJ Bell or Vanguard (0.50%–0.95%)
- No self-directed investing — can't pick individual funds
- Pensions only — no ISA or general investment account
- No employer contributions for limited companies
- 10-year performance below Vanguard (54.5% vs 88.1%)
PensionBee earns its place as the go-to pension consolidation service. If you have multiple old workplace pensions scattered across previous employers, PensionBee makes combining them genuinely simple. The fees are higher than self-directed platforms but the simplicity justifies the cost for most people who don't want to manage their own investments. For larger pots above £100,000, consider AJ Bell or Vanguard instead.
Frequently Asked Questions
Is PensionBee safe?
Yes. PensionBee is FCA-regulated, FSCS-protected up to £85,000, and listed on the London Stock Exchange since 2021.
How long does a PensionBee transfer take?
PensionBee averages approximately 4 working days to transfer a pension — significantly faster than most competitors.
Is PensionBee good for large pensions?
For pots above £100,000, the 0.50%–0.95% fee becomes expensive. AJ Bell at 0.25% or Vanguard at 0.15% would save significant money annually at larger values.
Please note: This article is for information purposes only and does not constitute financial advice. Investing involves risk and the value of investments can go down as well as up. Always seek regulated financial advice before investing. Capital at risk.