Fintech startup Mintago has partnered with intelliflo, a leader in financial advice technology, to further the reach of its Pension Hunting Service.
Financial advisers will be able to use Mintago’s Pension Hunting platform for the first time, which until now was a service only available to business clients as an employee benefit.
intelliflo’s leading technology solutions help widen access to financial advice by supporting over 30,000 financial professionals worldwide, representing over 3 million end-investors with combined assets of $1 trillion (US) advised across its platforms.
intelliflo underpins the entire advisory lifecycle through their range of open architecture solutions, which includes practice management, financial planning and client portals.
London-based Mintago is an FCA-regulated fintech company specialising in financial wellbeing. Its Pension Hunting technology platform – now available through intelliflo – helps financial advisers locate lost pension pots for their clients.
According to the Association of British Insurers (ABI), there is £20 billion worth of unclaimed pensions in the UK – the average unclaimed pot is worth around £13,000. Mintago allows advisers to cost-effectively add pension hunting as a value-added service to their clients.
Chieu Cao, CEO and founder of Mintago, said: “Joining forces with the intelliflo platform is a natural fit for Mintago. After all, where our Pension Hunting tool is concerned, we’re striving for the same goal: to unlock new opportunities for financial advisers and, ultimately, ensure better outcomes for the end client.
“As people change jobs throughout their lives, it’s very easy to lose track of the different pension pots they’ve accrued. A staggering £20 billion is currently sat unclaimed in the UK alone, money that people need more than ever given the cost-of-living crisis.
“Financial advisers able to find these lost pensions for their clients will stand out from the rest. It’s a hugely valuable service. So, by working with intelliflo and its vast network of more than 30,000 financial professionals, Mintago can help advisers enhance their own offering and deliver more value to their clients.”
Nick Eatock, CEO of intelliflo, added: “Mintago’s Pension Hunting tool not only helps our customers become more efficient, but will also make a big difference to their clients. With £20 billion worth of pensions unclaimed in the UK, we thought that it was important that this tool was available to our customers, and it will, for the first time, thanks to this partnership.”