Smarterly, the workplace savings fintech, has appointed Troy Clutterbuck as managing director.
He was previously CFO and then CEO at Now:Pensions and prior to this was CFO at JLT Employee Benefits where he worked alongside Duncan Howorth who is now chairman at Smarterly.
Smarterly supports companies with their financial wellbeing programmes and helps employees save into workplace Isas with the convenience of payroll deduction. Over 100 large UK corporates promote Smarterly to their employee, targeting millennials focused on saving for their first home and for higher earners impacted by reduced annual and lifetime pension allowances.
Smarterly clients include Aon, Samsung and OVO Energy. The business was initially funded by Unum.
Clutterbuck says: “We need more engaging propositions to turn the UK into a nation of savers and to help employers get a better return on investment with their spend on workplace savings and pensions. Innovation is essential and Smarterly’s focus of promoting healthy savings habits via people’s employers brings financial wellbeing support to the mass market via the workplace”.
Phil Hollingdale, co-founder of Smarterly, says: “We believe the workplace market needs more innovation and rounded savings propositions for short, mid and long term savings. We have ambitious plans to disrupt the status quo in workplace savings and we’re building a team to take us on that journey.
Ben Pollard, founder and CEO of Smarterly, says: “I am delighted to welcome Troy to the team as managing director and look forward to working with him to achieve our ambitious future plans.”