Scottish FinTech Guiide has appointed Michael Power, former CEO of Delta Financial Systems Ltd, as its non-executive chairman.
Guiide was launched more than two years ago and offers a range of technology solutions, including a free retirement calculator to help people create a unique and individual plan and avoid running out of money during retirement, overpaying charges or tax.
Further B2B solutions have evolved, specifically aimed to help the clients of organisations such as scheme trustees, product providers and Master Trusts. For example, Guiide DB was introduced in late 2021 to tackle specific issues around defined benefit transfers.
Further planned developments in 2022 include Guiide+ and Guiide.auto, which aim to help simplify retirement planning including defined contribution.
The core consumer-facing Guiide solution is free to use.
Having previously founded, grown and scaled Delta Financial Systems from a startup to its sale in 2020 to ASX-listed Bravura Solutions, Guiide says Power’s expertise in the pensions tech arena will be invaluable.
“We are extremely fortunate to have someone with Michael’s experience join Guiide, and play a key role in our ongoing development as we move from startup to accelerating growth. We are very excited to have him on our team going forward,” said founder Kevin Hollister.
Power added: “Guiide is a fascinating business with a growing suite of technology propositions which meet the clear and increasing need in the market for consumer guidance that simply the complexities of pension choices, above all in the drawdown space.
“I am delighted to be working with the experienced and capable management team who are leading it into its next phase of growth.”