In the UK, over 15M people are not saving enough for their retirement, and 1 in 5 with multiple pensions has lost track of a pot, worth on average £13k. The number of under savers is set to grow to 20M by 2026, with other western nations facing similar levels of under-saving.
Maji will be the first platform integrating the services of pension providers, educators and financial planning providers to meet all of a consumers’ pension needs through one platform. Using AI and behavioural science, Maji will track a persons’ pension pots, tell them how much they need to save for retirement and help them get there.
Maji will help consumers meet their retirement savings ambitions, help employers have happier employees, help pension providers make better products, and help the state spend less on delivering pension services. Maji is a SaaS product where employers, employees and pension providers pay a monthly fee for it’s services.