More than half of savers expect the companies in their pension to publish ethnicity pay gap reports, PensionBee research finds.
PensionBee has a market capitalisation of £365m and has set an initial public offering share price of 165p.
Around 12,000 PensionBee users have registered for shares in the company after it confirmed its initial public offering (IPO) would comprise an offer to both institutional investors and eligible customers.
PensionBee has announced its intention to float on the high growth segment of the main market of the London Stock Exchange (LSE).
Online provider Pension Bee has created a flexible pension for self-employed savers, allowing them to make contributions according to their income.
The Department for Work and Pensions is to make it mandatory for auto-enrolment defined contribution (DC) schemes to use simpler annual statements.
Complaints filed with ActionFraud show a total of £30.8m has been lost to pension scammers in the last three years, say The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA).
Legal & General (L&G) has agreed a deal with PensionBee that will see its retirement income business provide annuities to the online pension provider’s customers.
The impact of the coronavirus pandemic on the UK labour market will cause a significant increase in the number of dormant pension pots in 2020, with defined contribution (DC) schemes most affected.
Pension savers could see a faster recovery of monies lost during the Covid-19 pandemic by increasing contributions ahead of a market rebound, according to research from PensionBee.