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PensionBee Group PLC - London-based online pension services provider - Reports that invested customers increased 56% to 183,000 in 2022 from 117,000 the year before. Assets under administration grow 17% year on year to over £3.0 billion from £2.6 billion. Credits this to strong inflows from new and existing customers. Revenue grows by 38% in the year to £18 million from £13 million.
‘2022 was a landmark year for PensionBee, having exceeded the £3 billion Assets under Administration milestone while delivering pre-marketing profitability in line with our objectives. We’re proud to have continued growing our brand into a household name, making PensionBee synonymous with easy and effective pension management for consumers,’ Chief Executive Romi Savova says.
‘As we look forward to 2023, our focus remains on helping our ever-increasing customer base manage their pensions through our industry-leading pension offering and personalised customer service,’ he continues.
Current stock price: 54.50 pence
12-month change: down 59%
By Abby Amoakuh, Alliance News reporter
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