PensionBee launches Investment Pathways funds with State Street Global Advisors

21 December 2020

PensionBee, a leading online pension provider, has launched its range of ready-made investment solutions in partnership with State Street Global Advisors, one of the world’s largest money managers. The four plans are specially designed for non-advised consumers intending to draw an income from their pensions, and meet four clear retirement objectives.

The Tracker Plan is an option for savers with no plans to withdraw their money in the next five years, and invests in global shares, bonds and cash, following the world’s markets as they move. The Pre-Annuity Plan invests money in bonds to provide returns that broadly correspond to the cost of purchasing an annuity, and is designed for those who plan to use their money to set up a guaranteed income (annuity) within the next five years.

The 4Plus Plan is an option for savers who plan to start taking their pension as a long-term income within the next five years, and aims to achieve long-term growth of 4% per year, by actively managing money across a range of investments. The Preserve Plan makes short-term investments into creditworthy companies with the aim of reducing risk and preserving money, and is designed for those who plan to withdraw all of their savings within the next five years.

Investment Pathways are a Financial Conduct Authority initiative designed to improve retirement outcomes for consumers who wish to enter income drawdown, but have no desire to seek financial advice before doing so (1).

Source: Pensionbee