Smart Pension is to become the ABI’s first Workplace Platform member, the Association of British Insurers’ (ABI) Chair, Amanda Blanc, announced today on the day of the industry association’s Annual Conference.
Smart Pension, established in 2014, is a technology-driven pension platform set up with the aim of making it easy for employers to meet their automatic enrolment needs. Businesses enrol their employees into a workplace pension scheme through the platform.
The ABI’s Chair, Amanda Blanc, commented:
“Today’s announcement is timely, following the recent news that 10 million people have now been auto-enrolled into a pension scheme. Smart Pension play an important role in enabling the continued growth of workplace pensions for the benefit of consumers and I look forward to working together on our shared policy ambitions.”
Andrew Evans, Co-Founder and CEO of Smart Pension said:
"We are delighted to be joining the ABI at this crucial time for the ongoing development of our pension system. Auto enrolment has achieved masses to date, but as an industry we've still got a lot to do to deliver really good outcomes for people. Key challenges remain around driving value for money and introducing at retirement solutions that work for the mass market. We look forward to being part of the conversation that will drive that change.”
Yvonne Braun, ABI Director of Policy, Long-Term Savings and Protection, added:
“Automatic enrolment in workplace pensions has fundamentally changed the long-term savings market. As markets change, we are changing with them, and welcoming new members is a very important part of this. Smart Pension will further strengthen the ABI’s voice in discussions with Government and regulators. We are excited to welcome Smart Pension on board.”
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Notes for Editors
About Smart Pension
Smart Pension, established in 2014, is a technology-driven pension platform initially set up with the aim of making it easy for employers to meet their automatic enrolment needs. In a short space of time it has evolved to focus on the whole of workplace DC, both through its UK Mastertrust and proprietary platform.
About the ABI
The Association of British Insurers is the voice of the UK’s world-leading insurance and long-term savings industry. A productive, inclusive and thriving sector, we are an industry that provides peace of mind to households and businesses across the UK and powers the growth of local and regional economies by enabling trade, risk taking, investment and innovation. More news and information from the ABI is available on our web site, www.abi.org.uk.
Media contacts:
The ABI press team is on 020 7216 7506 or [email protected]
The Smart Pension press team can be contacted on 07540 060112 or [email protected]