By Elena VardonPensionBee Group expects to be profitable on an adjusted earnings basis in the fourth quarter of 2023 and over 2024. The online pension company said that it achieved adjusted earnings before interest, taxes, depreciation and amortization profitability for October. Its assets under administration stood at around GBP4 billion ($4.89 billion) and it has a cash balance of more than GBP12 million, it said on Friday.

Source: Wall Street Journal November 11, 2023 02:14 UTC