The report from Smart Pension and Professional Pensions', surveyed 106 UK Defined Contribution (DC) schemes and found the pensions industry is failing to embrace digitisation, resulting in a system that may not be able to facilitate future needs.
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.