Behind the Idea: SmartPension

The auto-enrolment pension provider Smart Pension, today announced a new partnership with London-based FinTech DueDil, enabling Smart to deliver its market-leading platform as a service model. The company is known for playing its part in transforming the pension sector through cloud-based technology. It has allowed Smart to quickly adapt to suit the government’s response to COVID-19 including employer support for ongoing contributions.

Darren Philp is the Director of Policy and Communications at Smart Pension and Sam Barton is the Chief Technology Officer. The pair have found themselves adapting recently to business life with weekly virtual town halls, staff yoga and mindfulness sessions, alongside virtual drop-in sessions for people who might be living alone, need mentorship, or are self-isolating.

What has been the Smart Pension response to financial technology innovations? As a relatively new player, we have been at the forefront of using technology to power our workplace pension proposition.

This is a sector that has traditionally been stuck in the past and has shied away from technological innovation, so using technology to help make providing and administering pensions easier for employers and individuals has been the name of the game. As we’re using modern technology and designed our platform from the ground up, we are not reliant on synching up different business models to suit regional hubs, instead, we offer a common solution across all of the UK.

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