PensionBee finds 20% contributions increase

PensionBee finds its savers are paying in more and withdrawing less compared to last year

Jasmine Urquhart
clock • 1 min read
Pay-ins increased by one fifth in the last year for PensionBee customers
Image:

Pay-ins increased by one fifth in the last year for PensionBee customers

Levels of pension contributions increased by 20% in the last year, according to measurements from PensionBee.

Looking at data from its 211,000 invested customers at 30 June 2023 and comparing this with 2022, PensionBee found savers contributed 20% more to their pensions than the same period last year. M...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Defined Contribution

Partner Insight: The missing allocation - the case for UK infrastructure in DC default funds

Partner Insight: The missing allocation - the case for UK infrastructure in DC default funds

Alistair Ray, Chief Investment Officer, Dalmore Capital
clock 20 October 2026 • 1 min read
Partner Insight: Why active investing is becoming more outcome-oriented

Partner Insight: Why active investing is becoming more outcome-oriented

As pension schemes and institutional investors face increasingly complex objectives, active investing is evolving beyond security selection towards more purposeful portfolio design and implementation.

Samantha Ricciardi, Head of EMEA, Fidelity International
clock 19 October 2026 • 5 min read
Partner Insight: Should pension education become as routine as health and safety training?

Partner Insight: Should pension education become as routine as health and safety training?

L&G's Building Future You workplace pilot explores whether retirement adequacy can be supported by treating pension education as a workplace responsibility.

L&G
clock 19 October 2026 • 4 min read
Trustpilot