PensionBee Group PLC (GB:PBEE) has released an update.
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PensionBee Group plc, a leading online pension provider, has reported a robust financial and operational performance for the first half of 2024, with a 40% growth in Assets under Administration to £5.2 billion and a 19% increase in their Invested Customer base to 252,000. The company achieved Adjusted EBITDA profitability in the second quarter and is on track for full-year profitability in the UK, while also expanding into the US market to create a global leader in the retirement space. This expansion is backed by strong customer service, reflected in a 4.7 Trustpilot score, and a customer retention rate exceeding 95%.
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