Upgrade a trust-based pension

Upgrade to a pension today that could reduce your costs and the risks associated with running a trust-based pension scheme
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Is it time to upgrade your employer pension?
Ask yourself four questions:


Are you aware of the new pension regulations around trust-based pensions?


Could your scheme stand up to the new value-for-money test against another larger pension provider?


Have you considered what’s involved when running your own scheme compared to a master trust?


Is your pension administration quick and easy to run each month?

If you answered no to any of those, maybe it’s time to review and see if switching to Smart Pension will save you money and deliver a better service to your members.

Speak to a pension expert

Why choose Smart Pension?

Save time

Reduce the time you spend running a pension. We take care of governance and provide you with the tools to stay compliant.


Many companies switch to Smart Pension to make their pension efficient  whilst remaining compliant.

Easy transfer process

Our experienced pension experts will manage the switch
and you’ll have a dedicated point of contact.

Tech and innovation

We favour technological
solutions and invest heavily in user research making pensions easier for everyone.

Give your employees access to modern features

A digital platform

Our award-winning platform is designed to make it easy for members to access their account in real-time through the app or website.

Financial wellbeing for members

Meaningful financial support is provided for all members because it's important to us that they feel comfortable with their money.

Smart Rewards for members

A free benefit for members – over 1,400 rewards, helping members to save up to £600 a year in discounts at major retailers.

Digital retirement

Access to an innovative retirement dashboard, Smart Retire, making it simple for users to manage their money in the lead up to and during retirement.

AI customer service agent, SAVA

Our interactive avatar, SAVA, capable of responding to human questions in real-time across all devices, has joined Smart Pension to provide customer support 24/7, 365 days a year.

Bringing pensions together

Members can see all their retirement savings in one place, by adding all their different pensions to our retirement dashboard tool.

Frequently asked questions

What is a trust-based pension?

This is a scheme overseen by a group of trustees. It may be a trust-based scheme operating as a defined contribution (DC) workplace pension scheme or a defined benefit (BD) plan. If you are unsure, contact us and we should be able to find out if your company is running a trust-based scheme.

Why do companies move away from a trust-based pension?

Usually, from our experience, companies transfer from their own trust-based pension over to Smart Pension due to cost. After reviewing the costs of paying for their own trustees, governance, scheme administration and investment strategy, companies tend to conclude that moving to a master trust pension provider is far more cost effective.

Simple economies of scale mean that if a smaller trust-based pension scheme switches to a larger pension scheme, the costs of running the scheme (including admin, investment and governance) are much less because they are shared amongst participating employers.

Could I improve my trust-based pension scheme rather than closing it down?

Yes, of course you could. It all depends on your scheme. If you want to talk to us about the options of moving to a master trust, get in touch with one of our pension experts.

Is it going to be expensive and difficult to switch over to Smart Pension?

Our experienced pension experts will manage the transfer and you will have a dedicated -point-of-contact throughout making it a smooth process. Working together may enable us to reduce the cost for you and your members.

Is the quality of the data in your pension scheme good enough?

Don’t let the data held within your pension be a barrier to switching pension schemes. We’ll work with you on getting the data accurate during the transfer process.

Awards and achievements

Talk to us now

Book a call with us today and join over 70,000 employers who are already using Smart Pension and helping over a million individuals save for retirement.

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