0:00
You must be amongst your friends and family the go-to person for pensions advice
0:05
Someone say that makes me the most boring person in the room
0:10
But yes, pensions are a growing topic of conversation everywhere, which is, of course, great to see
0:17
It must be something that you've talked about constantly for the last 10 years or so
0:20
Yes, I mean, that's what got me to start pension B when I was having conversations with my friends who worked in finance
0:29
and you would expect were very engaged with their personal pensions. I discovered that most people didn't really know where they were
0:38
how they were invested, what kind of fees they were paying, and most importantly, what that money could do for them in the future
0:45
So that lack of engagement and control over what is such a critical pot of money
0:53
it just spoke to me and made me realize that there's going to need
0:59
we're going to need to have some kind of solution to this problem. And that's where pension became from
1:04
So yes, I've been talking about pensions for a long time. So what are your top tips then for pensions
1:10
Well the first one is just to start as soon as you can There are a lot of mental barriers behind saving for retirement Can visualize yourself in retirement perhaps
1:20
And that makes many of us think, well, I'll just, I'll do that later
1:25
I'll do that when I have more time. And the big secret is that more time phase doesn't really arrive
1:33
So now is the best time. You must have, have had a lot of confidence within you to
1:40
start your own business, but it must be a pretty nerve-wracking decision to quit your job
1:45
and start something new and we put all the organs in one basket of this idea that you've had
1:51
Yes, I think you have to believe in it very strongly and really know internally that it's
1:59
if you can just solve these problems, it will work. Hello and welcome to the latest episode of Border Uncovered, powered by CityA.M
2:16
My name's John Robinson, CityA.M.'s UK editor. And my guest for this edition is the CEO and co-founder of Pension B, Romy Savova
2:25
Born in Bulgaria the entrepreneur climbed the corporate finance ladder before setting up her own business in 2014 after discovering how difficult it was to merge her pension pots
2:37
Now listed on the London Stock Exchange, Pension B recently expanded into the US into continuing
2:42
its mission to help workers plan for a prosperous retirement. Without any further delay, let's dive in
2:49
Thank you very much for coming on boarding and recover today. It's great to have you here. It's great to be here
2:53
You must be amongst your friends and family the go-to person for pensions advice
2:59
Someone say that makes me the most boring person in the room
3:04
But yes, pensions are a growing topic of conversation everywhere, which is, of course, great to see
3:11
It must be something that you've talked about constantly for the last 10 years or so
3:15
Yes, I mean, that's what got me to start pension B when I was having conversations with my friends who worked in finance
3:23
and you would expect were very engaged with their personal pensions. I discovered that most people didn't really know where they were
3:32
how they were invested, what kind of fees they were paying, and most importantly, what that money could do for them in the future
3:39
So that lack of engagement and control over what is such a critical pot of money it just spoke to me and made me realize that we going to need to have some kind of solution
3:55
to this problem. And that's where pension be came from. So yes, I've been talking about pensions
3:59
for a long time. So what are your top tips then for pensions? Well, the first one is just to start
4:06
as soon as you can. There are a lot of mental barriers behind
4:09
saving for retirement can visualize yourself in retirement perhaps and that makes many of us
4:17
think well I'll just I'll do that later I'll do that when I have more time and and the big secret is
4:22
that more time phase doesn't doesn't really arrive so now is the best time and we of course
4:31
focus on helping people get old pension accounts together so that they're not left behind
4:37
sort of vulnerable to being, you know, extinguished by charges, which is something that, you know
4:44
we've seen in the past. They, you know, knowing where your money is, I think is really important
4:51
And so that is usually step one. And then, of course, kind of making sure that you're putting in money in a way
