Pour the milk into a 1.5 L / 50 oz blender jug. Add the yogurt, honey, vanilla, banana chunks, frozen peach slices and 1 tsp of the bee pollen, in that order.
Blend on low for 15 seconds, then on high for 45 to 60 seconds, until no peach flecks remain and the smoothie falls off a spoon in a slow ribbon. If the blades spin without pulling fruit down, stop, stir, and add 2 tbsp of milk. Taste and add a little more honey if the peaches were tart.
Pour into two 400 ml / 14 oz glasses and sprinkle 1/2 tsp of bee pollen over each. Drink within 10 minutes, while it's thick and the granules are still crunchy.