PensionBee, the London-listed pensions technology company, has reported record pension transfer volumes of £2.1 billion for the year to September 2025, a 44 per cent increase on the same period in 2024. The surge has been driven predominantly by workers in their thirties and forties who accumulated multiple small pension pots through the auto-enrolment system introduced in 2012 and are now seeking to consolidate them into a single, digitally managed account. PensionBee's assets under administration have climbed to £5.8 billion, up from £4.4 billion at the start of the year.

Chief executive Romi Sheridan-Sherwood credited the growth to increasing consumer frustration with legacy pension providers. "The average PensionBee customer arrives with 3.2 pension pots scattered across different providers, many of which still communicate primarily by post," she said during the company's interim results presentation. "We are solving a fundamental pain point for an entire generation." The company's retention rate stands at 95 per cent, suggesting that once customers consolidate their pensions on the platform, they rarely leave. PensionBee's share price has risen 62 per cent year-to-date on the London Stock Exchange's AIM market.

The pensions technology sector has attracted growing attention from policymakers. The government's Mansion House reforms, which encourage pension funds to invest more in UK growth companies, have created new opportunities for platforms that can offer diversified investment options at scale. PensionBee recently launched a UK Innovation Plan that allocates up to 10 per cent of contributions to British venture capital and growth equity. "Pensiontech is finally having its moment," said Tom Sheridan, a fintech analyst at Peel Hunt. "The combination of demographic tailwinds, regulatory support, and consumer demand for digital solutions makes this one of the most compelling subsectors in UK fintech."