Business
3Q 2021 Results Announcement
3Q 2021 Results Announcement.
About this update from Pensionbee Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7342P\n PensionBee Group plc\n 21 October 2021\n \n \n \n \n \n \n \n PensionBee Group plc\n \n \n \n \n \n \n Incorporated in England and Wales\n \n \n \n \n \n \n Registration Number: 13172844\n \n \n \n \n \n \n LEI: 2138008663P5FHPGZV74\n \n \n \n \n \n \n ISIN: GB00BNDRLN84\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 21 October 2021 \n \n \n \n \n \n \n \n \n \n \n \n PensionBee Group plc\n \n \n \n \n \n \n \n \nTrading Update for the nine months ending 30 September 2021\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Customer Centric Proposition Drives Further Growth \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n PensionBee Group plc (\"PensionBee\" or \"the Company\"), a leading online pension provider, today announces a trading update for the nine months ending 30 September 2021. \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Highlights\n \n \n \n \n \n \n \n \n \n \n \n · \n \n \n \n \n Continued to deliver strong growth across its core KPIs during the quarter, in line with guidance and expectations\n \n \n \n \n \n \n · \n \n \n \n \n Strong value proposition continued to resonate with new and existing customers across the UK, with a Registered Customer base in excess of 600,000\n \n \n \n \n \n \n · \n \n \n \n \n Invested Customers increased by 75% year on year to 104,000 (Sep 2020: 59,000)\n \n \n \n \n \n \n · \n \n \n \n \n Assets under Administration (AUA) increased by 108% year on year to £2,247m (Sep 2020: £1,082m)\n \n \n \n \n \n \n · \n \n \n \n \n Annual Run Rate Revenue increased by 107% to £13.9m (Sep 2020: £6.7m)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n The Company made further targeted investment in customer acquisition and brand awareness, with a specific focus on Out of Home advertising, while ensuring that Cost per Invested Customer remained within the desired range previously communicated, with the objective of maximising return on investment. It continued to invest in product innovation in order to enhance the customer experience and further its strategic goals, including delivering additional functionality through its new \"easy bank transfer\" feature via an open banking Plaid integration. PensionBee also continued to invest in its industry-leading technology platform, building out its data platform capability and data tea...