In this episode, I’ll be joined by Michael Power, who shares the impact a clear purpose made during his 26-year journey building and then selling his business – and how he’s taken the lessons from that into working with new tech startups. He also describes how to pivot to a new business model while maintaining your overall purpose.
Michael left London University in 1986 joining Scottish Equitable, later Aegon, gaining extensive experience in the UK pension industry. Seeing an opportunity within the adviser space for services underpinned by technology, he founded his first business in 1992, which created the first fee-based pension transfer and annuity broking services for both tied and independent advisers.
Sensing the power and impact of technology at that time, Michael founded Delta Financial Systems in 1995, which he grew to be the market-leading provider of pension administration technology to the UK self-invested pensions sector.
Following its acquisition by ASX-listed Bravura Solutions last year, Michael is now using his experience to chair a number of technology businesses, including Guiide, a firm providing guidance around pension drawdown for both consumers and product providers, and Voodoo Park, a technology resources provider with an unusual ESG focus.
Michael actually started his career as a ski instructor, and remains a sports coach in both rugby and skiing to this day, and is active in promoting sports coaching to improve social outcomes for young people.
Michael Power