Smart pension Review

About Smart pension

Smart Pension: Making Pensions Easier for Everyone, Everywhere

Smart Pension is a UK-based company that offers pension solutions to businesses of all sizes. The company's mission is to make pensions easier for everyone, everywhere. With its innovative approach and cutting-edge technology, Smart Pension has become one of the leading providers of workplace pensions in the UK.

Smart Pension was founded in 2014 by Andrew Evans and Will Wynne. The two entrepreneurs saw an opportunity to disrupt the traditional pension industry by leveraging technology and automation. They wanted to create a platform that would make it easy for businesses to set up and manage their workplace pensions.

Today, Smart Pension has over 100 employees and manages over £1 billion in assets under management. The company's clients range from small startups to large corporations, including household names like McDonald's and Samsung.

Smart Pension's offering includes both auto enrolment and workplace pensions. Auto enrolment is a government-mandated scheme that requires employers to automatically enroll eligible employees into a pension scheme. Smart Pension makes this process easy by providing an online platform where employers can set up their auto enrolment scheme in minutes.

Workplace pensions are voluntary schemes that employers can offer their employees as part of their benefits package. Smart Pension offers a range of workplace pension options designed to meet the needs of different businesses. These include master trusts, group personal pensions (GPPs), self-invested personal pensions (SIPPs), and more.

One of the key advantages of using Smart Pension is its user-friendly platform. Employers can easily manage their pension schemes online, with access to real-time data on contributions, investments, and more. Employees also have access to an online portal where they can view their pension balance, investment performance, and other important information.

Another advantage of using Smart Pension is its low fees compared with traditional providers. The company charges a flat fee per member per month rather than taking a percentage-based fee. This means that businesses can save money on their pension costs while still providing a high-quality pension scheme to their employees.

Smart Pension is also committed to ethical investing. The company's default investment strategy is a socially responsible investment (SRI) approach, which aims to invest in companies that have a positive impact on society and the environment. Smart Pension also offers other investment options, including Sharia-compliant funds for Muslim investors.

In addition to its core offering, Smart Pension has also launched several innovative products and services. These include:

- Smart Retire: A retirement planning tool that helps employees plan for their retirement by projecting their future income based on their current savings and expected contributions.
- Smart Rewards: A rewards program that incentivizes employees to save more by offering discounts at popular retailers.
- Smart Insight: An analytics platform that provides employers with insights into how their pension scheme is performing and how it compares with other schemes in the market.

Overall, Smart Pension is an innovative company that is disrupting the traditional pension industry with its user-friendly platform, low fees, and commitment to ethical investing. With its focus on making pensions easier for everyone, everywhere, it's no wonder why so many businesses are choosing Smart Pension as their workplace pension provider of choice.