October 17, 2016

Wealth Wizards releases ‘state pension age calculation’ API

We are the UK's first fully-regulated online adviser scaling up automated financial advice across the industry.

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Online pension adviser and technology provider Wealth Wizards has today launched a State Pension Age Calculation API (Application Programming Interface) as part of its commitment to the sector to exchange ideas and share best practice.

Hosted on the dedicated Wealth Wizards Engineering site https://wealthwizards.io the State Pension Age Calculation API is free to use, and works by accepting gender and date of birth as inputs after which it returns the individual’s State Pension Age. 

The API is a Beta version, created by the Wealth Wizards Engineering team to help organisations and IFA firms build proto-types of digital services for their clients. The API will save any third party time in building a proto-type as the API is easily integrated without having to rebuild the code behind the calculation. 

Andrew Firth, CEO of Wealth Wizards, says: “We hope that the Beta version of our State Pension Age Calculation API can provide valuable support to third parties, particularly other advisory and IFA firms, in developing digital services for their clients. If there is sufficient demand and firms feedback that they value this capability, then we will look at releasing a further version to support live services. 

Jason Chapman, Managing Director of Willis Owen commented “Providing information through great digital services gives the consumer the confidence to both review their existing solutions and plan for a better future. We are in discussions with Wealth Wizards to explore how we might utilise this API to create a prototype service, and as a general principle it’s in all our interests to proactively share technology to support more consumer engagement and interest in their own financial future.” 

As one of the UK’s leading robo advisers, Wealth Wizards has enjoyed significant growth including the recruitment of a group of experienced and highly qualified technologists, developers and IT strategists to form the Wealth Wizards Engineering Team. Tasked with building its market-leading automated advice apps, the team uses Lean and Agile practices to build innovative applications for both Wealth Wizards advisers and third party advice providers. The launch of the new State Pension Age Calculation API is the most recent demonstration of the strength of the team’s engineering capacity. Andrew Firth, CEO of Wealth Wizards, continued: “We are committed to building a world class Wealth Wizards Engineering team, and we see the State Pension Age Calculation API as the first of a number of initiatives to be created by the group. All future developments will be showcased on https://wealthwizards.io, the Wealth Wizards online centre of engineering excellence and a free resource to partners and organisations in the sector.” Visit https://wealthwizards.io/api-reference/ to access the State Pension Age API and find out more about Wealth Wizards Engineering.

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Wealth Wizards Benefits Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference 596641.
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© 2019 Wealth Wizards Limited.