Smart Pension, one of the UK’s leading workplace pension schemes, has been appointed to provide a workplace pension by ISS UK, the UK’s leading workplace experience and facility management company. The appointment represents some 19,000 active and 43,000 deferred employees and £200m in Assets Under Management.
Formally in a single employer trust-based scheme, ISS UK’s employees are now enrolled into the Smart Pension Master Trust, benefitting from a more sustainable investment approach and a real-time pension they can access anywhere via a mobile app, powered by Smart’s multiple award-winning technology platform Keystone. Under the agreement, ISS UK’s employees will also be able to use Smart Pension’s innovative ‘Smart Retire’ offering, allowing them to manage their savings beyond retirement.
Smart Pension manages more than £4bn in assets on behalf of almost 1.5 million UK savers and provides pensions to over 70,000 employers. The appointment continues Smart Pension’s strong momentum in the provision of workplace pensions to employees who are on the go, who need easy access to their pension and financial wellbeing support, wherever they may be. Smart Pension’s highly automated technology and low costs to serve makes it particularly well-placed to provide workplace pensions for employers with mobile workers and multiple payrolls.
This news also comes after the announcement last year by Evri, the UK’s largest dedicated parcel delivery company, that it had chosen to automatically enrol self-employed plus couriers into the Smart Pension Master Trust.
Dave Marsh, Head of Pensions at ISS UK & Ireland, said:
“We are pleased to appoint Smart Pension to provide a workplace pension for our employees that invests their pension savings sustainably, provides great value for money, as well as tremendous service and support. Smart Pension offers huge amounts of flexibility and first-class technology to make life simple, as well as additional benefits and rewards for our employees.”
Smart Pension is powered by Smart’s proprietary retirement technology, Keystone. Keystone powers the pension technology for more than one million members in the UK and underpins the market-leading growth and profitability of Smart Pension.
Launched in 2015, Smart Pension exceeds £4bn in assets under management (AUM) and now serves over one million members and more than 70,000 employers. It is powered by Keystone, Smart’s global savings and investments technology platform.
Aquiline Capital Partners, Barclays, Chrysalis Investments, DWS Group, Fidelity International Strategic Ventures, J.P. Morgan, Legal & General Investment Management, Link Group and Natixis Investment Managers are all investors in Smart Pension.