PensionBee pension drawdown hub: published fees, investment options and features. Updated for 2026. Guidance, not advice.
Estimated yearly cost at £250,000: £1,225 a year (monthly income, no share deals; Includes fund charges).
Position on cost: Ranks 16 of 18 fully priced platforms on cost at £250,000. PensionBee against every DIY platform
| Drawdown admin fee | None Included in the yearly cost above |
|---|---|
| Regular income payments | Free |
| One-off (ad-hoc) withdrawal | Free |
| UFPLS payment | Not confirmed |
| Transfer out (exit fee) | Free |
| Minimum pot | Not confirmed |
| Cash in the pension | Not confirmed |
Fees checked 23 Sept 2026. “Not confirmed” means the charge is not published or we have not verified it; it is never counted as free.
Sources: Fees · Income drawdown charges · Regular withdrawals
Capital at risk. Comparison information only, not advice. Confirm charges on the provider’s own pages before you act.
Platform fees: 0.50%–0.95% depending on plan, halved on the portion over £100k (≈0.70% on a typical plan)
Fund charges (Ongoing Charges Figure) apply on top of platform fees and depend on your chosen investments. Use our calculator above to see the total annual cost for your specific pot size.
Eligible claims may be covered by the Financial Services Compensation Scheme (FSCS). If a SIPP operator or investment firm fails, the limit is £85,000 per person per firm; a pension provided by an insurer is normally covered in full. FSCS pension protection
Source: PensionBee site footer, checked 23 Sept 2026.
No new verified updates this month. We only list items we can cite from an official RNS, company newsroom or official blog.
21 Oct 2026
PensionBee’s results for the quarter ended 30 September 2026 said group assets under administration grew 29% year on year to £9.0 billion. Gross inflows were £426 million and net flows £220 million. Invested customers grew 13% to 337,000, and group revenue for the quarter rose 31% to £14.8 million.
5 Oct 2026
On 5 October 2026 PensionBee published a test of pension answers from Copilot, ChatGPT, Gemini and Claude. Of 539 answers, it said 89% scored two or more out of three for accuracy, while 57 answers (11%) were judged potentially harmful, often because of omissions rather than factual errors.
21 Sept 2026
PensionBee’s 21 September 2026 press release said pension schemes in scope must connect to the Pensions Dashboards Programme by 31 October 2026, and that the MoneyHelper pensions dashboard is expected to launch to the public in the 2027/28 financial year. It said dashboards are intended to show pension information and will not let savers carry out transactions.
Last verified: 2 Nov 2026.
Also compare: Vanguard, Interactive Investor, AJ Bell Youinvest, Hargreaves Lansdown, Fidelity Personal Investing, and all UK providers we track.
Free, impartial guidance: Pension Wise offers free appointments to people aged 50 or over with a defined contribution pension, and MoneyHelper’s investment pathways comparison tool compares drawdown providers’ ready-made options. Both are backed by the government.