Paradigm Pensions launches online marketplace
Paradigm Pensions has launched an online marketplace designed to help transform the workplace pensions and benefits market in the UK.
Accessible through J&rgonFreeBenefits, the online pension compliance and flex-benefits system developed by Paradigm Pensions founder Steve Bee, the ‘Marketplace’ has been created to transform the quality and quantity of workplace benefits available to small- and medium-sized businesses by opening up the market to all those operating in that space – from life assurance and pension providers to suppliers of dental care and cycle to work schemes.
In what Bee believes is an industry first, the Marketplace has been designed to give all providers the opportunity to showcase their products and services to the adviser community free of charge. The initiative already has the backing of over 25 providers.
By not charging for ‘shelf-space’, Bee is relying on open market forces and conditions, combined with a strict code of conduct each supplier must adhere to, ensuring advisers and their clients receive the highest levels of service from providers and the most competitive pricing.
Commenting, Steve Bee said: “I set up Paradigm Pensions with the express intention of helping forward-thinking advisers gain greater access to the enormous opportunities in the employee benefits space.
“With the right tools and technology, I believe they are perfectly placed to provide small- and medium-sized businesses with cost-effective access to the kind of systems and benefits historically only available to the very largest organisations.
“The launch of the J&rgonFreeBenefits middleware was a major step forward to achieving this and has been met with overwhelming support from the adviser community. The launch of the Marketplace is a similarly sizeable step and will transform the workplace pensions and benefits market in the UK.”