What it costs
We may apply a monthly employer account charge of £22 +VAT, which will automatically be taken from the Direct Debit mandate that an employer will be asked to set up when they join Smart Pension. We review these charges annually and will publish any updates on this website.
By submitting an application, you agree to a monthly charge of £22 +VAT. We will calculate the amount of your first charge pro rata – this will be effective from the date you submit your application to join the scheme until the end of the month. We will collect the charge in arrears on the 1st day of the next month. After that, we will automatically take the full monthly charge in arrears on the 1st day of each month.
This charge may not apply to employers with an existing bespoke pricing arrangement with us – the correct charging structure will be automatically applied to your account.
We may be able to offer bespoke pricing for larger workplace clients. Get in touch with our new business team at firstname.lastname@example.org or call them on 0330 124 7409.
There's no charge if you pay your contributions by Direct Debit. However, if you want to pay by BACS the charge is a one off set up fee of £250 plus a monthly fee of £50.
We don’t currently charge advisers for any services. We review these charges annually and will publish any updates on this website.
We also apply some account management charges for additional services that we may provide if you request them.
Reconciliation service charge: £30 per half hour
Most employers or their advisers carry out reconciliation themselves and don't need this service. However, we can review an employer’s account with us to reconcile contribution data to payroll records, and if applicable, identify any inconsistencies that need correcting.
Default member charges
Our current charging structure for members whose employers have signed up with us directly is an annual total fund based charge of 0.30% and a monthly fee of £1.75. If the combined value of a member’s pension savings is £100 or less, we will not charge you this fee.
Smart Active Impact Bond Fund
Smart Active Impact Equity Fund
The aim of this fund is to invest in equities which provide growth over the long term (being a period of five years or more) and invest in companies that contribute to the achievement of the United Nations’ Sustainable Development Goals.
As this fund was recently launched, a factsheet is not yet available.
Smart Sustainable Growth Plus
Aims to take advantage of Environmental, Social and Governance factors by investing more in companies which score well in these areas to mitigate Environmental, Social and Governance risks and benefit people and the planet by having a high allocation to investments contributing to solutions for environmental and social issues.
Smart Sustainable Growth Fund
Aims to take advantage of Environmental, Social and Governance factors by investing more in companies which score well in these areas to mitigate Environmental, Social and Governance risks and benefit people and the planet by having a moderate allocation to investments contributing to solutions for environmental and social issues.
Smart Annuity Fund
Aims to improve potential outcomes for investors likely to purchase fixed annuities by providing a diversified exposure to assets that reflect the broad characteristics of investments underlying a typical traditional level annuity product, incorporating Environmental, Social and Governance (“ESG”) considerations as part of the investment strategy.
The fund cannot provide full protection against changes in annuity rates for individual members as these also depend upon a number of other factors (e.g. changes to mortality assumptions).