Skandia
Insurance & Pensions
Digital Pension Planning Revolution
How Skandia transformed their pension advisory services with KidbrookeONE, launching a sophisticated digital planning solution in just 4 months.
Key Metrics
Implementation Time
~4 months
Go-Live Date
June 2020
Real-Time Scenarios
5,000 × 720
Engine Reuse
5 journeys
The Challenge
Complex Requirements
Legacy IT infrastructure with outdated systems that were hard to integrate. Skandia needed a sophisticated calculation engine capable of handling economic scenarios, complex tax rules, business logic for customer journeys, and compliance requirements. Rising customer demand for digital services required consistency across all channels while maintaining holistic advice covering the entire customer balance sheet.
The Solution
KidbrookeONE Implementation
Adopted KidbrookeONE API to provide a robust, flexible calculation engine. Leveraged Kidbrooke's deep vendor understanding and quantitative finance expertise to accelerate time-to-market while ensuring regulatory compliance and sophisticated scenario modeling.
Implementation Journey
Step-by-Step Process
Step 1
1 of 11 steps
Step 1 – Pension Objective
User enters DOB and gross salary; minimal inputs to entice continuation.
The Results
Measurable Impact
1
Regulated advice pack automation: PDF with full advice documentation generated and stored in "My Page" for each advice session
2
Affordability & suitability controls: Enforces buffer-savings/affordability checks before committing to monthly investments
3
Tax-aware guidance: Detects sub-optimal salary sacrifice via embedded tax logic
4
Multi-period goal handling: Supports split retirement incomes and allocates capital across periods automatically
5
Real-time simulation scale: 5,000 scenarios × 720 time steps per recalculation (≈3.6M time steps per change)
6
Reduced time-to-market for new products/services and engagement trending up post-launch
Client Testimonials
What They Say
"Digitalisation is the only way to scale financial advisory services."
Joakim Pettersson
Head of Digital Advisory, Skandia
"We use Kidbrooke's KidBrookeONE and are very pleased with the market-leading functionalities and flexibility."
Joakim Pettersson
Head of Digital Advisory, Skandia
Looking Forward
Skandia's Future Vision
"
Digital advice will democratize financial guidance, making it accessible beyond just wealthy clients. Advisors initially hesitant but quickly adopt tools once they see benefits. Future focus on empowering customers with intuitive, visual, pedagogical experiences covering mortgage, part-time work, saving, pensions, and buffers.
Skandia's Vision
The future of digital financial advice
Ready to transform your financial services?
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