Smart Pension has been appointed to provide workplace pensions for the facility management company ISS UK.
This will see £200m of AUM moved to Smart Master Trust, which will now run the pensions of 19,000 ISS employees and 43,000 deferred employees.
ISS had previously operated a single employer trust. ISS says that under this new arrangement UK employees will benefit from a more sustainable investment approach and the ability to access real-time data on their pension savings via a mobile app. Savers will also be able to use Smart Pension’s innovative ‘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 says its highly automated technology and low costs makes it particularly well-placed to provide workplace pensions for employers with mobile workers and multiple payrolls. Last year it announced that it would provide pensions to Evri the UK’s largest dedicated parcel delivery company, and this would include automatically enrolling its self-employed couriers into the master trust.
ISS head of pensions Dave Marsh says: “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.
“Smart Pension offers huge amounts of flexibility and first-class technology to make life simple, as well as additional benefits and rewards for our employees.”
Smart Pension CIO Paul Bucksey adds: “We are delighted to be appointed by one of the largest facility management companies in the UK. This appointment is testament to the quality of the Smart Pension Master Trust, as well as Smart Pension’s innovative and engaging technology.”
Smart Pension is powered by Smart’s proprietary retirement technology, Keystone.