Scottish Fintech Guiide has raised a new investment of around £200,000 and welcomes three new additions to the team
Scottish Fintech Guiide has raised a new investment of around £200,000 and welcomes three new additions to the team
Scottish fintech Guided has raised a new investment of around £200K and welcomes three new additions to the team.
Guiide is pleased to announce that it has raised this new money from existing investors. It has also strengthened its team with the addition of two new directors and a highly experienced adviser.
The two new directors are Clare Hawkins, a former NHS Trust chief executive, who will lead on governance and Stewart Lawrie, an experienced financial systems developer, who will lead our development team for the future.
In addition, Mike Robins, former partner at 3i, who has a wealth of knowledge of capital financing and small business growth, has joined Guiide as a board advisor.
New initiatives – Guiide +
The funds will be used to support two new initiatives.
The first is Guiide+, which will be launched soon. This is an addition to our free online service for registered users. The centerpiece of this development will be a full pensions dashboard that shows real-time values for a person’s pensions, and all other sources of income and savings.
The dashboard will be accompanied by Guiide’s tracking tool that shows how a person’s long-term plan is affected as they draw income and as the values of the living pension pot vary over time.
Guiide+ will also model and support more complex and detailed retirement income, including equity release, guaranteed income and partner income. This will make Guiide+ the “hand holding” tool to be used until the “end” of retirement for income planning and support in later life, especially for the non-advised mass market.
Guiide.auto
A natural follow-up to the planning tools is to make withdrawals safer and easier for users via Guiide.auto.
A partnership with a technology-focused pension provider and a guaranteed income provider, Guiide.auto will pay plans built with Guiide automatically by default until changed. It will allow individuals to monitor, track and adjust plans and add an element of guaranteed income paid into the pension pot if desired, while maintaining all the flexibility of withdrawals.
Guiide.auto is the “put together and do it for me” option that we believe the non-advised market needs. This has been a popular concept among Guiide users, with hundreds of registrations of interest for the November 2022 product launch.
Kevin Hollister, founder of Guiide, stated: – Pensions are no longer just about pensions. Our continued goal is to use technology to simplify the mystifying subject of retirement planning and later life products. We believe that a ‘put it all together and do it for me’ approach is the optimal route for the non-advised mass market to get the best retirement outcome.”
