We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
PensionBee - opinions?
Comments
-
I'm with penners.
I've been with them 18 month, not the cheapest nor the most expensive.
Really easy to use, I'm happy to stay with them.0 -
Been with them for nearly 12 months. They made a mess of transferring in my pension after leaving my information in an envelope on a table for weeks, then blamed The Pension Trust, but eventually got it sorted out. The website is easy to use and withdrawals are simple. Four negatives - the first two are not a problem for me
1 - you cannot set up a set monthly withdrawal, you have to apply each month - but it is easy to do
2 - will not use HMRC tax code but that is no problem for me
3 - my real bug bear - I really need each withdrawal on 9th of the month but you cannot request a withdrawal until 6th of the month and then wait 6 or 7 working days to receive the money. You cannot make a request on 1st of month to receive payment around 9th of the month
4 - they do not separate out fees and growth. You get a total value of your pension but cannot tell how much of the change is down to fees and how much down to growth / decline in the fund. Did ask but they won't do it
Not sure about the title of 'Beekeeper' for the advisor, but maybe I am old fashioned.
They don't have much choice of funds but I wanted a low risk fund so excellent for me (Preserve Plan) as using this pension to fund me for 4 years until state pension and other DB pensions kick in
1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards
