It may have been the shortest month of the year but our team were busy bees throughout February. We introduced some important new product updates last month, so read on to find out what we got up to.
We’ve made it even easier to make contributions via bank transfer
We’ve improved our process for customers making contributions via bank transfer to make it simpler to save for retirement. Now, you only need to set up a bank transfer once and we’ll be able to invest any amount you contribute, regardless of the amount you set up the bank transfer with. This means you won’t need to set up a new transfer for different contribution amounts, which may suit customers with a fluctuating income, and it’s even easier to make weekly contributions.
Our improved process applies across recurring and one-off contributions made by bank transfer. We’ve updated our terms and conditions to reflect this change, which applies to existing customers as well. If you’re contributing via bank transfer, make sure to keep track of your payments so you don’t exceed your annual allowance.
Remember, contributions can also be made using Direct Debit. You can learn more about making contributions to your PensionBee pension in our FAQs.
We’ve launched dynamic performance charts in your BeeHive
Customers can now compare their plan performance to the FTSE 100, straight from their BeeHive. This new feature will allow you to track market volatility over time, and gain greater insight into the past performance of our longest running plans. It may also provide context when considering the impact recent stock market fluctuations could have on longer-term investments.
For now, this is only available to members of the Tracker, Tailored, Future World and Match plans, when you log into your online dashboard. Simply navigate to your Account using the tabs, and select ‘My plan’ from the dropdown menu.
If you’ve chosen one of our newer Shariah, Preserve, or 4Plus plans, rest assured we’ll be launching dynamic performance graphs for these too. And soon this exciting new feature will also be available to view in our mobile app.
Our CEO Romi Savova became a PensionBee BeeKeeper for a week!
PensionBee CEO Romi Savova spent a week this month on the front line as a BeeKeeper, solving problems and helping our customers. At PensionBee, our customers are our priority and getting back to basics is a great way to feel good about the work we’re doing to create a modern pension experience, and to identify ways to improve and simplify our services. Romi loved speaking to and learning from our customers. Read about her experience on our blog.
Keep an eye out for our next update on our blog. We’re always working on new features to make our customers happy, so if you have any ideas or suggestions, please let us know in the comments section or over on social media, and we’ll feed it back to the team.
Period | Market Event | FTSE World TR GBP (%) | 4Plus Plan (%) |
|---|---|---|---|
4Plus Plan’s inception – 6 Sept 2013 | QE Tapering, China Interbank Crisis and its aftermath | -5.44 | -2.41 |
3 Oct 2014 – 15 May 2015 | Oil price drop, Eurozone deflation fears & Greek election outcome | -5.87 | -1.77 |
7 Jan 2016 – 14 Mar 2016 | China’s currency policy turmoil, collapse in oil prices and weak US activity | -7.26 | -1.54 |
15 June 2016 – 30 June 2016 | BREXIT referendum | -2.05 | -1.07 |
