Smart Pension
| Type | Limited liability company |
|---|---|
| Founded | 2014 |
| Headquarters | London, UK |
| Founder(s) | Andrew Evans, William Wynne |
| Industry | Finance |
| Products | Pension Scheme |
| Slogan(s) | Fast. Secure. Free. |
| Website | www |
Smart Pension is a defined contribution pension scheme setup for UK employers to automatically enrol employees in a workplace pension scheme that meets the required legislative standards.[1]
Smart Pension uses Apex Fund Services, a global independent fund administration company, to manage all transactions with investment management strategy handled by Lewis Capital Management.[2]
The standard smart pension service is free to use for employers.[2]
Contents
Support for Smart Pension
“Smart Pension is a fantastic company which helps small businesses with their employee pensions. The Smart Pension team has done a brilliant job in building a successful platform which makes other businesses' lives easier.”
Matthew Hancock, Minister of State for Business, Energy and Enterprise, 2015[3][4]
“Small businesses need an auto enrolment solution that is fast, nimble and reliable. Smart Pension enters the market with that solution and a track record of success. For small businesses complying with the new laws, you make smart choice with Smart Pension.”
Emma Jones, Founder, Enterprise Nation and founding member of Startup Britain, 2015[3]
Background
The Pensions Act 2008 is an Act of Parliament of the United Kingdom. The principle change brought about by the act is the requirement for all employees to have to opt out of a workplace pension scheme, rather than opt in. This change in law moves a significant portion of responsibility onto employers in the UK to ensure that they are providing a workplace pension scheme for all eligible employees.[5]
Employers are required to initiate automatic enrolment into their workplace according to set staging dates based on the number of employees in the company. These dates vary from 1 January 2012 to 1 January 2017,[6] and there are penalties for companies who do not comply.[7]
Smart Pension Board Members
Chief Executive Officer: Andrew Evans
Evans has held a number of Managing Director roles in UK banks, in pensions, banking and asset management. His banking resume includes Lloyds Banking Group, Barclays, Caixa Geral de Depósitos & Crédit Agricole[8]
Managing Director: William Wynne
Wynne had a successful career in the City before moving online in 2004 to join eBay in a senior management position. In 2006 Wynne went on to found Arena Flowers.[9]
Chief Operating Office: Peter Walker
Peter has more than 30 years’ experience in financial services, including setup of Coutts Bank in Asia, and COO roles in Kleinwort Benson and the Pension Protection Fund.
Non-Executive Director: Tom Valentine
Valentine is the co-founder and Managing Director of ecommerce travel company Secret Escapes.[10]
Board Advisor: Amy Nauiokas
Nauiokas is the founder and CEO of Archer Gray,[11] a media production, finance, and investment company, and the founder and president of Anthemis Group,[12] the digital financial services investment and advisory firm. Until 2008, she was the CEO of Barclays Stockbrokers.
Board Advisor: Emma Davies
Davies is Head of Property and Infrastructure Investments at Wellcome Trust. Prior to joining Wellcome Davies previously ran the London office of Perry Capital, one of the world's leading hedge funds, before helping to set up Big Society Capital.[13]
See also
Automatic Enrolment, section in wikipedia article Pensions in the United Kingdom
Pensions Act 2008
United Kingdom labour law
The Pensions Regulator
Arena Flowers
Matthew Hancock
National Employment Savings Trust
References
- ↑ The Pension Advisory Service
- ↑ 2.0 2.1 About Smart Pension on autoenrolment.co.uk
- ↑ 3.0 3.1 Support for Smart Pension on autoenrolment.co.uk
- ↑ Business 44, Smart Pension on matthewhancock.co.uk
- ↑ Employers' obligations regarding workplace pensions on www.gov.uk
- ↑ Staging dates for automatic enrolment on National Association of Pension Funds website
- ↑ Penalties for late compliance to automatic enrolment on The Pensions Regulator Website
- ↑ Smart Pension board members on autoenrolment.co.uk.
- ↑ Arena Flowers website
- ↑ How We Made It: Troy Collins, Alex Saint and Tom Valentine of Secret Escapes, The Sunday Times, 9th February 2014
- ↑ Amy Nauiokas, Archer Gray
- ↑ Amy Nauiokas, Anthemis Group
- ↑ Emma Davies joins Wellcome Trust, wellcome.ac.uk, 5th June 2013
External links
- Smart Pension website
- Information on automatic enrolment on The Pensions Regulator website
- Workplace Pensions on www.gov.uk
- Staging dates for automatic enrolment on the National Association of Pension Funds website
- Matthew Hancock, government profile
- Matthew Hancock, website
- Secret Escapes website
- Anthemis Group
- Archer Gray
