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PensionBee - opinions?
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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
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