Smart Pension provides a digital workplace pension platform that automates enrolment, payroll integration, and ongoing administration for UK employers, while giving employees a single online account to manage their retirement savings. The service offers paperless processes, low‑fee sustainable investment options, and a financial‑wellbeing suite that includes education, budgeting tools, and a rewards program delivering discounts and cashback.
Funding
$81.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
8OCIFounders
Product
Problem
Employers and employees often struggle with complex, paper‑based pension administration, high fees, and limited access to financial‑wellbeing resources, which can lead to low participation and sub‑optimal retirement outcomes.
Solution
Smart Pension offers a digital, auto‑enrolment workplace pension platform that automates enrollment, payroll integration, and ongoing administration for employers, while providing members with a single online account to view, manage, and eventually draw their pension savings. The service incorporates secure online identity verification, paperless processes, and a low‑cost technology stack that reduces both employer and employee fees. Investment options are focused on sustainable, ESG‑aligned funds, including a default growth fund targeting net‑zero emissions by 2040. In addition to pension management, members receive financial‑wellbeing tools, educational content, and access to “Smart Rewards” – discounts and cashback at over 1,400 retailers, helping users save up to £600 annually. The platform is authorised and supervised by The Pensions Regulator, ensuring compliance and member protection.
Target Audience
Primary customers are UK employers of all sizes seeking compliant, low‑cost workplace pension solutions, and their employees who need accessible retirement savings and financial‑wellbeing support.
Features
- End‑to‑end digital enrollment with secure online ID checks and fully paperless documentation
- Automated payroll connectivity that streamlines monthly pension contributions and compliance reporting
- Single member portal and mobile app for real‑time account access, contribution tracking, and retirement planning
- Sustainable investment lineup with a market‑leading net‑zero growth fund and ESG‑focused asset selection
- Integrated financial‑wellbeing suite offering educational articles, budgeting tools, and personalized guidance
- Smart Rewards program delivering discounts and cashback at 1,400+ retailers, valued up to £600 per member per year
- Low‑fee structure powered by proprietary Keystone technology, delivering cost efficiencies for both employers and employees