Smart Pension has received accreditation as a Living Wage and Living Pension employer.
The Living Pension accreditation, introduced by the Living Wage Foundation in 2023, sets a voluntary pension savings target to help employees build a pension pot that will meet their basic needs in retirement.
The scheme encourages employers to go beyond the legal minimum contribution of 3 per cent and contribute at least 7 per cent of an employee’s salary, or £1,720 annually.
Smart chief people officer Alex Arundale says: “At Smart, we believe that helping people save for a dignified retirement is more than just a service – it’s a responsibility. By achieving both Living Wage and Living Pension accreditation, we’re putting that belief into practice, ensuring that our own team and Living Wage workers across the country are prepared for retirement. We are proud of this commitment and encourage other employers to join us in securing a financial future for their employees.”
Living Wage Foundation director Katherine Chapman says: “We are delighted that Smart has signed up as a Living Pension employer, providing stability and security for their workers now and in the future. Over the last ten years, the Living Wage campaign has grown in strength and numbers. Now paid by nearly 16,000 employers, it delivers essential pay rises to almost half a million workers every year. The Living Pension builds on this by encouraging employers like Smart to do more to help their workers build a pension pot that meets basic everyday needs in retirement.”
