Kevin Hollister, is a pensions actuary, Founder of Guiide and Guiide DB.
He has previously worked as a consulting actuary for around 25 years, advising defined benefit and defined contributions scheme trustees on their funding positions and contribution requirements.
He specialised in securing the benefits with an insurer to make sure the members received their full entitlements.
He then moved to a corporate role, advising companies on how to reduce cost and risk within their schemes.
Following the introduction of the pensions freedoms, he believed individuals, who didn’t seek advice, would need more help in building a retirement plan using everything they had, including these now fully flexible pension pots. He therefore developed Guiide to provide this help in a clear understandable manner.
His hunch proved correct, with the problem being widely recognised and now even has its own name, “the advice gap”.
Today around 100,000 people search Google every month just to try to get some kind of help on pension planning. They are trying to understand, what to many, is a vastly complex issue and requires simple engagement and answers.
He has recently been working with the Institute of Actuaries in developing optimal withdrawal pathways.
Last year he took the lessons learned in developing Guiide to consider another key problem within the pensions industry. Those considering whether to take costly advice and looking for high quality advice after requesting a transfer quote from a defined benefit scheme.
Kevin Hollister looks at Consumer Duty with a focus on drawdown and says non-advised customers are in line for better outcomes...
Guiide: 4/5 Designed by actuaries, this free tool analysing retirement outcomes for those using drawdown shows how much you need to pay in before you retire, and how much to take from your pension...
A review into plans to increase the state pension age is coming out this year with many analysts predicting the age increase could be brought forward.