Is the traditional workplace pension industry failing savers?
Traditional pension providers are failing to engage savers. We believe there is a better way.
Recent PLSA research shows that 53% of British workers are on track for an ‘inadequate’ retirement income, and 49% of the UK's working age population have primary school level numeracy skills. As a result, understanding pension options is difficult for many.
So what is the pension industry doing to help people? Often, simply the wrong things
- Annual benefit statements have a 1% open rate! This is the main piece of information sent by most providers.
- Pension providers continue to use terminology that people just do not understand. Complexity is the enemy of clarity.
- Members simply do not know what ‘good’ in retirement looks like.
At Smart Pension, we do things differently
We talk without jargon. Our member app is easy to use, with the information clearly presented in a way people want and accessible at any time. Our investments are easy to understand and are 100% climate change friendly.
Pensions matter
Pensions are an important benefit for your contractors and affect the future wellbeing of workers across the UK. Please take a second to consider if your scheme is fit for the modern world, and can deliver a better healthier retirement for your contractors.
If you would like further information or want to arrange a call please email fcsa@smartpension.co.uk.
Exclusive discount available to FCSA clients
For all FCSA registered businesses, the monthly member charge for your contractors is just £1, a significant discount. Members will also pay an annual management charge depending on which funds they choose to invest in.
You will also benefit from no set-up charge for you as an employer and assisted onboarding with a dedicated point of contact.
Why choose Smart Pension?
For you
- stay compliant with auto enrolment law
- simple payroll integration
- great value for money
For your contractors
- an award-winning platform
- financial wellbeing for members
- Smart Rewards for members
- a sustainable pension
About Smart Pension
Launched in 2015, Smart Pension now exceeds £10bn in Assets Under Management (AUM) and serves 2 million members and 100,000 employers. It is powered by Keystone, Smart’s global savings and investments technology platform.
Aquiline, Barclays, Chrysalis Investments, DWS Group, Fidelity InternationalStrategic Ventures, J.P. Morgan, MUFG and Natixis Investment Managers are all investors in Smart Pension.
