PensionBee claims to have £250m (£318m) in assets under management (AuM), with a similar amount of pension assets in transit, putting it on track to become one of the top three digital wealth managers in the UK, based on AuM. The two-year-old start-up has seen AuM grow sharply since December 2017, after announcing a number of partnerships, including a deal with State Street which saw the US Trust bank take a strategic minority stake. In addition to its own investment and advisory services, Pension Bee also works closely with other institutional investors such as BlackRock, Schroders, JP Morgan, UBS and Barclays.
PensionBee claims to have £250m (£318m) in assets under management (AuM), with a similar amount of pension assets in transit, putting it on track to become one of the top three digital wealth managers in the UK, based on AuM. The two-year-old start-up has seen AuM grow sharply since December 2017, after announcing a number of partnerships, including a deal with State Street which saw the US Trust bank take a strategic minority stake. PensionBee aggregates legacy pensions aiming to simplify retirement savings for customers.