Smart Pension has surpassed £6 billion in Assets Under Management (AUM) in its master trust.
According to Smart Pension, its AUM has grown by 20 per cent in 7 months since announcing £5bn in AUM earlier in 2024, thanks to investment gains, new clients, and master trust consolidations. This includes the recent acquisition of Evolve Pensions, which added around 130,000 members from the Crystal Trust.
The Smart Pension Master Trust, which is based on Smart’s Keystone technology, is backed by major financial institutions like J.P. Morgan, Fidelity, and Barclays.
Smart UK CEO Jamie Fiveash says: “It’s a testament to Smart Pension’s market-leading proposition that we have been able to secure new clients and acquisitions, whilst continuing to deliver great value, fantastic customer service and an intuitive experience for members and employers.
“Smart Pension has become the ‘go-to’ consolidator, having recently completed our ninth master trust consolidation, and soon to complete our tenth. Alongside a promising stream of new clients, this means we’re accelerating towards £10bn AUM at a rapid pace, and in the process, helping to provide a better retirement for people across the UK.”
