NEST vs PensionBee pension fees
At a constant £100,000 invested balance, the representative charge for NEST is £300/year and for PensionBee is £500/year . These figures cover selected charge layers. Fund management, transactions, advice, contributions and product terms affect the total cost; the smaller figure does not establish which pension costs less overall.
NEST: Includes fund management; other costs may apply. The table includes only the 0.30% AMC. Add 1.8% of contributions paid into the pot to understand the contribution charge. Transfers into NEST are not subject to that contribution charge. Check employer contributions and scheme terms before changing a workplace arrangement.
PensionBee: Includes fund management; other costs may apply. Tracker is shown; other plans have different charges. Fund management is included in the AMC, but investment transaction costs and switching spreads are separate. A £150 full-withdrawal charge can apply. The fee page’s small-balance wording differs between sections, so confirm its application to your account before a full withdrawal.
- •Most providers quote a platform fee that excludes fund charges (OCF), which are additional and vary by fund choice. A few — NEST, Royal London and PensionBee — include fund management in the selected charge, while other costs can still apply. Headline figures are therefore not always comparable between providers.
- •Fee structures change without notice. Always verify current fees on the provider's website.
- •The lowest platform fee is only one comparison point. Fund range, service, platform features, investment choice, and product restrictions also matter.
- •Before transferring any pension, check for exit fees, guaranteed annuity rates, employer contributions, and protected tax-free cash.
- •This comparison is factual information based on published fee schedules, not a recommendation to choose either provider.
- •If you're unsure which provider is right for you, speak to an FCA-regulated financial adviser.
This comparison describes selected published pension charges. It is general information, not a recommendation to choose or transfer to either provider.