How This Entrepreneur Cracked The Pension Sector And Got The Fintech World Buzzing
Pension savings is a perennial hot topic, and one that causes no end of confusion and frustration for many people. When investment banker Romi Savova wanted to switch pension provider, even with her industry knowledge, she found it an ordeal.
The experience convinced her that the industry needed to change, so in 2014 she took the plunge and swapped her City career for her own fintech startup PensionBee, which allows people to take charge of their own retirement savings. Three years on, with more than 35,000 of them are using the platform to consolidate their pension plans, what looked like a huge career gamble, was in fact a shrewd business move.
Savova’s career background is in traditional investment banking at Goldman Sachs and Morgan Stanley, where she covered large banks, insurance companies and asset managers. She says: “I thought I knew the industry quite well until I had to move my own pension. The process was a nightmare. Nobody wanted to take my call; they were concerned my pension wasn’t big enough to cover their fees. Finally, I made my way to a platform provider who bombarded me with snail-mail application forms.
Full Content: Forbes
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