May 10, 2018

Mercer UK collaborates with Wealth Wizards on Digital Pensions Advice

We are the UK's first fully-regulated online adviser scaling up automated financial advice across the industry.

Turo news
Mercer UK and Wealth Wizards today announced a strategic collaboration to provide Mercers UK’s customers with digital financial advice through their Chartered financial planning team- Mercer Jelf Financial Planning.

The partnership initially launches with an automated Defined Benefit (DB) transfer robo-paraplanner, designed and developed by Wealth Wizards, ensuring that Mercer Jelf Financial Planning, continues to deliver consistent client outcomes safely and with the appropriate controls and governance in place for both existing and new customers. 

Defined Benefit pensions make up a significant part of Mercer UK’s business, and as one of the most complex and topical areas in advice provision, Wealth Wizards and Mercer UK have worked closely together over a twelve-month period, to extensively scope, build and test this tailored solution.

Richard Wilson, UK Leader DC & Individual Wealth from Mercer UK comments:

“The new strategic partnership with Wealth Wizards will ensure that we can efficiently service more clients with quality, cost-effective and personalised advice, and ultimately help employers advance the financial health of their most vital asset – their people. The partnership is routed in shared values and an ambition to deliver positive automation, and the launch of our new automated DB pension transfer robo-paraplanner is a key milestone in our on-going drive to deliver the best, affordable and accessible advice to all of our UK clients.

“ The flexibility of the digital paraplanner & Smart Platform allows Wealth Wizards to continue to develop further digital advice solutions in the future for Mercer UK, across a number of advice areas including pension accumulation and decumulation.

Andrew Firth, Wealth Wizards Founder and CEO stated:

“We are committed to improving the financial wellbeing of the UK workforce by making all areas of advice accessible and affordable through effective and highly efficient digital advice solutions.  We are therefore delighted to be working with a like-minded and forward-thinking partner such as Mercer UK.  By jointly creating the DB pension transfer solution, together we have addressed one of the most complex and topical issues in advice provision today. We look forward to supporting Mercer UK in the future as they continue in their mission to utilise innovative digital advice solutions.

” Wealth Wizards recently launched Turo, its new artificial intelligence (AI) capability, that will provide access to faster, cutting-edge robo-advice. The power of Turo is its ability to rapidly configure a robo-adviser to match the advice policy of a specific practice. Using training data from historic or model compliant cases, the AI rapidly configures the advice software to match the existing or desired approach. The game-changing innovation will transform the way expert advice is delivered, reducing the time per case by weeks, and beginning the democratisation of advice.

For media enquiries, please contact emma@seven-consultancy.com or

emily@seven-consultancy.com

Blog

© 2019 Wealth Wizards


Disclaimer

Wealth Wizards Benefits Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference 596641.
Registered Address: Wizards House, 8 Athena Court, Tachbrook Park, Leamington Spa, CV34 6RT.
Registered in England & Wales, No. 06030782. The information contained within this site is intended for UK consumers only and is subject to the UK regulatory regime.

Wealth Wizards®, Pension Wizard ®, Retirement Wizard ® and the wizard hat logo are registered trademarks; the trademarks, trade names and logos on this website, and the copyright and pending patent applications, are used by Wealth Wizards Advisers Limited under licence from Wealth Wizards Limited. Pension Tidy-up, Pension Predictor, Money Wizard, Advisor Wizard, Mortgage Wizard, Protection Wizard, Investment Wizard, Investor Wizard, Insurance Wizard, and ISA Wizard are trademarks and logos of Wealth Wizards Limited. 

© 2019 Wealth Wizards Limited.