Tech experts help launch Smart Pension platform

twitter-iconfacebook-iconlinkedin-iconmail-iconprint-icon
Search supported by
Tech experts help launch Smart Pension platform

The tech experts behind Lovefilm and Zoopla have helped Smart Pension launch an auto-enrolment platform aimed at advisers and their small corporate clients.

The Smart Pension service is free to use, and purports to offer similar or higher legal compliance standards than any other scheme in the market.

Having been developed after a £1.5m funding round, it is launched in the run-up to the second wave of the introduction of pensions auto-enrolment.

Since March, firms with fewer than 58 employees have been auto-enrolling their employees, while companies that employ 30 staff or fewer will begin to auto-enrol in the next wave, from 1 June.

Smart Pension’s platform allows companies to set up government-mandated workplace pension scheme in minutes, with immediate set-up confirmation, for no fee to the company.

The instant digital application can be made on any device, and yet offers similar or higher legal compliance standards than any other scheme in the market.

Andrew Evans, co-founder and chief executive of Smart Pensions, said: “Reports have shown that AE set-up can be time consuming. Small companies want to avoid wasting time on laborious, inefficient and complicated auto-enrolment procedures at all cost.”

Adviser view

Chris Daems, director of nat-ional adviser Cervello Financial, said of the new platform: “My concern would be that Smart Pensions is both a compliance solution and also holds the investor’s pension pot.”