PensionBee partners with money-saving app Snoop

PensionBee has announced a partnership with money-saving app Snoop to help consumers take control of their finances.

The two companies said they were committed to providing consumers with visibility over their finances and allowing them to see their complete financial position, via open banking integration.

PensionBee helps savers combine their pensions online.

Meanwhile Snoop uses open banking data to help people cut their bills, pay off debt, grow their savings and save where they spend.

PensionBee’s chief marketing officer Jasper Martens said: “Budgeting and financial planning is increasingly daunting for consumers, with recent PensionBee research revealing that the average retiree may need an additional £90,000 in pension savings to maintain a comfortable lifestyle over a 20-year retirement to tackle the effects of soaring inflation. 

“Against this backdrop, we are delighted to join forces with Snoop, an app packed with offers and money-saving ideas, an essential resource for our customers and anyone looking to save for the future.”

PensionBee and Snoop’s partnership will use tools such as pension calculators and personalised tips to provide support. 

Snoop co-founder Scott Mowbray added: “Our aim with this partnership is to help people with jam today and jam tomorrow. With the cost-of-living crisis deepening we can help consumers with their biggest money-saving opportunities, help them keep as much of their hard-earned money as possible, and manage through this painful inflationary cycle and beyond to a comfortable retirement.  

“Making better financial choices can change lives for the better and we’re delighted to be working with PensionBee to improve the financial wellbeing of the nation.”

sonia.rach@ft.com

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