Smart Pension has been appointed to provide workplace pensions for employees of ISS UK, the UK’s leading workplace experience and facility management company.
The appointment covers some 19,000 active and 43,000 deffered employees and £200m (€231m) in assets under management.
Formally in a single employer trust-based scheme, ISS UK’s employees are now enrolled into the Smart Pension Master Trust, benefitting from a more sustainable investment approach and a real-time pension.
Under the agreement, ISS UK’s employees will also be able to use Smart Pension’s ‘Smart Retire’ offering, allowing them to manage their savings beyond retirement.
Smart Pension manages more than £4bn in assets on behalf of almost 1.5 million UK savers and provides pensions to over 70,000 employers.
Smart Pension said its “highly automated technology and low costs to serve” makes it “particularly well-placed” to provide workplace pensions for employers with mobile workers and multiple payrolls.
Dave Marsh, head of pensions at ISS UK & Ireland, said: “We are pleased to appoint Smart Pension to provide a workplace pension for our employees that invests their pension savings sustainably, provides great value for money, as well as tremendous service and support.”
He added that the provider offers “huge amounts” of flexibility and “first-class technology” for its employees, to make “life simple” as well as additional benefits and rewards for its employees.
Paul Bucksey, chief investment officer at Smart Pension, said the appointment is a testament to quality of Smart Pension Master Trust as well as Smart Penion’s “innovative and engaging technology”.
Smart Pension is powered by Smart’s proprietary retirement technology, Keystone, which powers the pension technology for more than one million members in the UK and underpins the growth and profitability of Smart Pension.
Last year Evri, the UK’s largest dedicated parcel delivery company, announced it had chosen to automatically enrol self-employed plus couriers into the Smart Pension Master Trust.
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