Plum, a saving and investing FinTech, has launched its first ever pension product.
In Brief:
Plum’s ‘Six Step SIPP’ enables users to automatically pay into their pensions.
It also offers consolidation of existing pensions.
The product will sit alongside a user’s other savings and spending record, giving a more holistic view of finances.
What does this mean?
The pension product, marking Plum’s expansion into the retirement savings market, will be offered for free. Plum says it hopes to “get a new generation engaged with their lifetime finances” at a time when many consumers are becoming more interested in finding out about their pensions, especially when having multiple employers throughout life is now the norm.
