Is the traditional workplace pension industry failing savers?

Recent PLSA research shows that 53% of British workers are on track for an ‘inadequate’ retirement income, and 49% of the UK's working age population have primary school level numeracy skills. As a result, understanding pension options is difficult for many.

So what is the pension industry doing to help people? Often, simply the wrong things

  • Annual benefit statements have a 1% open rate! This is the main piece of information sent by most providers.
  • Pension providers continue to use terminology that people just do not understand. Complexity is the enemy of clarity.
  • Members simply do not know what ‘good’ in retirement looks like.

At Smart Pension, we do things differently

We talk without jargon. Our member app is easy to use, with the information clearly presented in a way people want and accessible at any time. Our investments are easy to understand and are 100% climate change friendly.

Pensions matter

Pensions are an important benefit for your contractors and affect the future wellbeing of workers across the UK. Please take a second to consider if your scheme is fit for the modern world, and can deliver a better healthier retirement for your contractors.

If you would like further information or want to arrange a call please email

Exclusive discount available to FCSA clients

As an approved provider of FCSA, monthly member charges are £1 as opposed to our standard £1.75 charge (over 40% discount). Members who remain in the default investment strategy will also pay an annual management charge of 0.3%.

You will also benefit from no set-up charge for you as an employer and assisted onboarding with a dedicated point of contact.

Why choose Smart Pension?

For you

  • stay compliant with auto enrolment law
  • simple payroll integration
  • great value for money

For your contractors

  • an award-winning platform
  • financial wellbeing for members
  • Smart Rewards for members
  • a sustainable pension

About Smart Pension

Launched in 2015, Smart Pension exceeds £5bn 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.