Collegia provides a digital platform that integrates payroll systems with pension contributions, allowing employers to manage auto-enrolment and employee retirement planning efficiently. The platform consolidates multiple pension pots into a single account, enabling users to track their retirement savings and investments while ensuring compliance with regulatory standards.
Funding
$377.3K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many individuals have multiple, scattered pension pots from different employers, making it difficult to track retirement savings and plan effectively. Employers also face administrative burdens in managing auto-enrolment and ensuring compliance with evolving pension regulations. Traditional pension schemes often lack transparency and may not align with individuals' ethical investment preferences.
Solution
Collegia provides a digital pension platform that consolidates workplace and personal pension contributions into a single, user-friendly app. The platform streamlines auto-enrolment for employers, integrating directly with payroll systems to automate contributions and ensure regulatory compliance. For individuals, Collegia offers a retirement planning tool that projects future lifestyle scenarios based on contribution levels and investment choices. Investments are managed by professionals, incorporating Environmental, Social, and Governance (ESG) factors, allowing users to align their pension with sustainable and ethical values. The platform also features an AI assistant that can answer questions in multiple languages and provide instant access to annual statements.
Target Audience
Collegia targets both employers seeking efficient auto-enrolment solutions and individuals looking for a transparent, sustainable, and easy-to-manage pension plan.
Features
- Consolidated view of all pension pots, including workplace and personal contributions
- Automated auto-enrolment for employers, integrating with existing payroll systems
- Retirement planning tool projecting future retirement lifestyle based on user inputs
- Investments managed by AllianceBernstein, incorporating ESG factors and UN Principles for Responsible Investment
- Mobile app providing real-time information, online contributions, and pension scheme integration
- AI-powered assistant providing multilingual support and instant access to account information
- Sustainable investment options excluding controversial industries such as tobacco, weapons, and coal
- Fee structure of either 0.39% or 0.45% annually, plus a 1.7% contribution charge