Smart Pension, one of the UK’s leading workplace pension providers, in partnership with Sage, announces a ‘one-click’ pension solution for employers and advisers.
Sage is a leader in the technology payroll sector and its software is used by more than 40% of the country’s private sector businesses to pay their people. The integration of Sage 50 and Smart Pension’s API allows businesses to manage their pension contributions with more automation, which will help drive greater efficiency, extra simplification, time saving, and a better customer experience.
There is also the added benefit of quick and efficient payroll integration and processing all from within the software, helping to provide enhanced analysis and more reliable data, leading to increased productivity.
Smart Pension manages more than £4bn in assets on behalf of more than one million UK savers and provides pensions to over 70,000 employers. Smart Pension’s technology gives members and employers a digital-first experience and makes it easier for employers to set up a workplace pension with automated steps.
With Smart Pension, employees benefit from a real-time pension they can access anywhere via a mobile app, powered by Smart’s multi award-winning technology platform Keystone. Earlier this year, Smart Pension became the first UK pension provider to offer full sustainability across all lifestyle strategies, including the Smart Pension default growth fund.
Jamie Fiveash, CEO of Smart UK, said:
“We are dedicated to connecting payroll and pensions, so we are proud to team up with Sage again to increase access to great pension technology for more small businesses in the UK. We chose to work with Sage to deliver this integration due to Sage's long and impressive record in accounting and compliance and their strategic alignment with Smart Pension. We serve all ranges of employers, including a substantial number of SMEs, so combining our expertise brings the right technology solutions to small business owners at the right time.”
Steven Watmore, Sage 50 Payroll Product Manager at Sage, added:
“Our partnership with Smart Pension is important to us as it helps us automate and simplify more of the work payroll and HR departments do. Setting up and managing a workplace pension is admin-heavy for customers and this partnership will reduce the time spent and anxiety associated with completing the task. This will allow managers and business owners greater time to focus on growing their businesses.”
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.