Moneyhub has launched a new Pension Finder feature that can automatically identify gaps in retirement savings by analysing savers’ career histories on LinkedIn.
The Pension Finder is intended to assist pension managers, workplace pension providers, trustees, or advisors in encouraging their clients to participate in their pensions, increase their retirement savings, and comprehend the long-term effects of their current financial situation and savings methods.
Users can use tools like Moneyhub’s Lifestyle Modeller, which forecasts people’s financial situations after a major event like retirement to set lifestyle expectations, to combine the pensions information discovered by analysing their career history with other information aggregated and calculated by Moneyhub.
Moneyhub chief commercial officer Dan Scholey says: “Too many people are failing to engage with their pensions meaning they are potentially missing out on a better retirement. In an era of inflation, it is important that savers take positive steps to guarantee their future financial wellness.
“When people have a complete financial picture they are able to make better decisions or get the help they need. The Pension Finder is an important addition to the capabilities of Moneyhub and will make financial admin easier and ultimately drive better outcomes for our clients and their customers.”
