We have developed a first version of a digital platform for pension advising enabling the user to get control of their pension situation. We are authorized by the Swedish FSA. Through a digital power of attorney, we collect information about all the users pension savings including state pension. The user can hence get a comprehensive overview of their total pension in one place. A forecast is made given current fees and underlying investments.

The platform will then help the user to get control of their pension situation in several different areas, for example, level of income, reduce fees, risk in pension, retirement age, insurance cover, annuity plan, sustainable funds, impact of sick leave and actions needed to achieve target pension. When the pension plan is created the platform presents the activities the user should undertake to implement the pension plan. These activities range from changing fund allocation, insurance cover or setting up extra savings.

The advice and customer ...
We have developed a first version of a digital platform for pension advising enabling the user to get control of their pension situation. We are authorized by the Swedish FSA. Through a digital power of attorney, we collect information about all the users pension savings including state pension. The user can hence get a comprehensive overview of their total pension in one place. A forecast is made given current fees and underlying investments.

The platform will then help the user to get control of their pension situation in several different areas, for example, level of income, reduce fees, risk in pension, retirement age, insurance cover, annuity plan, sustainable funds, impact of sick leave and actions needed to achieve target pension. When the pension plan is created the platform presents the activities the user should undertake to implement the pension plan. These activities range from changing fund allocation, insurance cover or setting up extra savings.

The advice and customer journey are dependent on where the user is in the life cycle; savings phase, planning phase and annuity phase. The design is interactive with responsive calculations, simulations and legal compliant by design. All relevant advisory documents and suitability assessment is generated automatically and will allow follow up on given advice. The platform continuously monitors the users pension plan and proposes changes when necessary.

The platform is a cloud-based, scalable and serverless solution on AWS and is integrated with relevant external data providers, e.g. Morningstar and insurance companies. The advisory platform is available as a mobile service and desktop will be implanted shortly.

Pension is regarded by many as a complex domain and is one of the main reasons people don’t engage in their pension situation. The development of the UX has hence been very important. The UX developed is based on 8 user case studies, one together with the institution of Psychology at Uppsala university. This has allowed us to help the client using nudging to increase motivation and engagement.

TTA has a multichannel strategy, both reaching the end user directly or through their employer. We will then only charge a subscription fee and not receive any kickbacks from insurance companies, banks, or fund managers. We also offer the advisory platform as a SaaS to third parties. The third party can then control i.a. recommended funds, asset allocation as well as other products.
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Future Impact Builder
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Cecilia Seddigh
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Cecilia Seddigh CEO Entre- and intrapreneur in pension and mutual fund industry, devoted to cross boarder BD