About

Why choose Smart Pension?

Smart Pension was founded by experienced finance & technology professionals and has been designed specifically to support UK businesses faced with the challenges of auto enrolment. Our team spent over a year developing & testing the platform whilst also establishing the partnerships necessary to meet regulatory requirements and deliver a seamless end-to-end experience. With thousands of satisfied employers, advisers and employees now using the platform, we know we offer the best workplace pension solution currently available in the UK.

Try it out now… It's free!

Video: Why You Should Choose Smart Pension Explained In Under 90 Seconds

Transcript: Why Choose Smart Pension, Explained In Under 90 Seconds

Smart Pension is a workplace pension tailored specifically for UK businesses.

It takes expertise in investment management, technology and regulation, and blends them all together.

Our regulated investment professionals have managed billions of pounds, while our tech team has helped grow some of the world's biggest online companies.

We use pioneering technology to make getting compliant, on any device, lighting quick.

And thanks to our one-of-a-kind online platform, designed specifically for auto-enrolment in the UK, ongoing management of your scheme is easy too.

Of course, your peace of mind is our top priority. That's why our 100%-encrypted site has more security features than any other UK provider.

We have no "Big Bank" overheads, don't charge any upfront fees, and there are no needless hoops for you to jump through.

On top of that, our solution is great value for employees and our standard service doesn't cost companies a penny.

Pension auto enrolment for UK companies is all we do at Smart Pension. So you can trust us to do it right.

To sign up now, visit https://my.autoenrolment.co.uk/sign-up

Smart Pension. Fast. Secure. Free!

Meet the Smart Pension Team
A World Class Team, Built for UK Business

Our Investment Approach

Andrew Evans


Our Approach

Our approach at Smart Pension is simple, straightforward and transparent. We offer:

  1. The fastest way, bar any, to set up and manage your company's workplace pension;
  2. An outstanding and highly experienced investment team which delivers a fully diversified pension portfolio for the AutoEnrolment.co.uk Master Trust;
  3. The world's largest independent fund administrator, Apex Fund Services, to securely administer and manage your workplace pension;
  4. Professional trustees (the majority of whom are independent) in charge of the AutoEnrolment.co.uk Master Trust, to ensure that it serves the interests of the beneficiaries (i.e. you and your employees);
  5. …and all available at zero cost to your business.

We do the hard work, giving you the peace of mind to get on with running your business, knowing that everything is in hand, you are complying with your legal duties and your employees are being well looked after.

The Burden Of Administration…Lifted

We know that over three quarters (76%) of the businesses that have set up a workplace pension have reported extra admin work, and almost half (45%) are considering changing how they manage auto enrolment in the future. Painful experiences like these are the reason we've partnered with one of the best administrators there is; Apex Fund Services handles tens of thousands of transactions a day and is used to dealing with big volumes all the time. We have designed our platform to be the best solution both at sign up and through the years, as we grow your employees' pensions, you are complying with your legal duties and your employees are being well looked after.

Professional, Experienced Trustees Oversee Your WorkPlace Pension

However, members may also request to be invested in any of these four funds in line with their own risk appetite and independently of their age. Please contact the Smart Pension support team support@smartpension.co.uk at if you would like to take a non-default approach.

Secure Structure. Ringfenced Master Trust. Safe Pension

Master Trust Assurance Framework Accredited

We have built a robust, ringfenced structure to protect your employees' pension schemes, using experienced trustees (the majority of whom are independent) and administrators, and professional investment management investing in Financial Services Compensation Scheme protected funds (visit the FSCS site here). Our master trust (AutoEnrolment.co.uk Master Trust) is regulated by the Pensions Regulator and we have been awarded a 5-star rating by independent reviewers Defaqto and we have full accreditation under the master trust assurance framework for our master trust as we are committed to providing the highest standards of safety and security for our members. We take the security and safety of employees' pension funds very seriously.

defaqto
L&G
FSCS
MAF Accredited

The Smart Pension Proposition Structure

Proposition Structure

Professional, Experienced Trustees Oversee Your Work Place Pension

That is also why we've ensured that a team of experienced, professional trustees (the majority of whom are independent) with decades of experience between them in overseeing large pension schemes, and with direct links to the Financial Regulators, is in place to serve our clients and their employees. The trustees ensure pension legislation is followed, act in the best interests of the beneficiaries (now and in the future), and invest the scheme's assets per the trust deeds, all at the lowest cost possible. These guys work for you.

Claire Altman, Chair of the Board of Trustees Background

Claire is a practicing pensions lawyer and qualified as a barrister in 1997 after studying law at Cambridge University. Claire is a former partner at Sackers and Partners LLP (a City law firm specialising in pensions) and joined Capital Cranfield in 2009. She is internal legal counsel for Capital Cranfield and sits on its governance committee. Claire also chairs the Blackwells Pension Fund.

Click here to see Claire Altman's linkedin profile.

Jamie Smith, Trustee Background

Jamie Smith has served as Chair of the UK Structured Products Association, with expertise and awareness of regulatory processes and procedures and has deep knowledge on Asset Management & Retail clients in his role as a Senior Director within a UK Bank.

Paul Jebson, Trustee Background

Paul has been a Trustee of the Standard Chartered pension scheme since 2003, and presently chairs their Investment Committee. Paul was Managing Director, Global Head of Fund Management at Standard Chartered and is now also a Non-Executive Director of Sentosa Asian Credit Fund (a Singapore managed Asian fixed income fund).

Paul is married and enjoys sailing and watching rugby in his spare time.

Peter Walker, Trustee Background

Peter has more than 30 years of experience in financial services, including setup of Coutts Bank in Asia, and COO roles in Kleinwort Benson and the Pension Protection Fund. He is qualified as a chartered accountant, corporate treasurer and investment manager.

Peter brings a wealth of experience in building and growing successful businesses, and of the pensions and investments worlds.

Darren Agombar, Trustee Background

Darren has worked within the financial markets for over 25 years and has a wealth of experience in investing in a wide spectrum of asset classes. He has studied behavioural finance, and has gained a high level of expertise in the application of behavioural finance to investing and understanding investor behaviour.

Darren is the Chief Investment Officer of a privately owned, independent investment management firm as well as the founder of Claradan, a company that provides behavioural analysis and strategies to businesses specialising in financial markets and services.

Our Investment Management Strategy

Lguf

The trustees are responsible for the investment strategy of our Master Trust. We understand that financial expertise in balancing performance, risk and cost is key here and are delighted to be leveraging the deep expertise of our trustees with investment advice from Barnett Waddingham, the UK's largest independent provider of actuarial, administration, investment, workplace health and wealth and consultancy services to pension schemes and other clients.

Investment Consulting Services

Barnett Waddingham provides comprehensive, innovative, client-focused investment consultancy services to Trustees, Employers, Charities, Local Authorities and Universities. Strategic decisions are of paramount importance; time and resources spent here will contribute far more to achieving the best results than anywhere else. Barnett Waddingham believes that the best strategic decisions are made by trustees who actively challenge and debate issues with their advisers. This leads to engaging discussions, which drive enthusiasm for their work.

A range of default funds has been made available to suit the varying risk requirements of the Trust's members. A 'lifestyle' arrangement is also used whereby a member's assets are automatically invested in line with a pre-determined strategy that changes as the member gets closer to accessing their retirement savings. Emphasis is placed on medium to higher risk funds (ie investment largely in growth assets) in search of long-term investment growth whilst the member is a long way off accessing their retirement savings. This emphasis switches progressively to lower risk assets in the years preceding the member’s target retirement date so as to protect the value of their savings at retirement.

Detailed information on the investment strategy provided by Smart Pension is outlined in the following document [the Statement of Investment Principles is currently under review and will be released soon]. The trustees recommend that members go into different default funds according to age and with a different investment plan to reflect differing requirements for these age groups. We also provide the option to use any one of the investment funds, regardless of your age.

The four default funds shown below will be used according to each member's age if we receive no investment requests from them.

Makeup of our Default Investment Funds

Traditional Default Fund 1 Balanced Default Fund 2 Conservative Default Fund 3 Defensive Default Fund 4

For the lastest information on investment performance, please see our Investment Performance Report.

Introducing the Sharia Fund

It is estimated that there are 2.7 million Muslims who currently live and work in the UK. With that in mind, Smart Pension has introduced a new ethical Sharia fund for those that wish to invest in a fund that complies with the principles of Islamic finance. Employees will be able to select the Sharia fund when logged into their account area as an alternative to our default funds. Please note however that this fund operates outside the charge cap regime and carries an additional investment charge of 0.75% p.a. on pension assets in this fund.

What Should a Good Workplace Pension Deliver?

Our team at Smart Pension focuses on three simple goals. That:

  • Your company's workplace pension is fast, secure and free, now and ongoing, forever.
  • The pain and cost of pension administration is taken away, using partnerships and technology, to let you do your day job.
  • Your workplace pension is managed by experts, so that your team can look forward to a brighter future.

Welcome to Smart Pension.

Fast. Secure. Free.

Andrew

Targets

The Smart Pension Scheme

Here are important details about the Smart Pension Scheme:

  • Pension Scheme Registration Number: 12011089
  • HMRC Pension Scheme Tax Reference: 00820230RM

Smart Pension Fund Protection

Smart Pension funds are protected by the Financial Services Compensation Scheme.

Please see here for more details

Our Technology Platform

Will Wynne, Managing Director
Market Research

We spent over a year researching, designing, building (and then testing) the Smart Pension auto enrolment platform to make it as good as we possibly could and to ensure it was what the market wanted. Before we designed or built anything, we researched in detail the competitive landscape and the options available to UK SMEs. The results, bar a few exceptions, were uninspiring: most UK auto enrolment platforms were (and still are) expensive and clunky, hamstrung as they are by legacy IT systems and a paper-based, face to face sales model, with eye wateringly painful set up and ongoing costs as a consequence. Very few used any of the recent advances in the web and technology to simplify the process of auto enrolment or to keep costs down for SMEs.

How Our Platform Works Explained In Under 90 Seconds

Smart Pension Platform Video

Platform Design

In designing our platform, we have aimed to identify the problems and costs inherent in the old paper-based approach and then used technology or lateral thinking to solve these problems, stripping out time, complexity and cost in the process, for the benefit of our customers.

Examples of Technology Helping Smart Pension Customers Save Time & Money

Why force busy professionals to fill in all the required fields about their company when we can query Duedil's company lookup API and pull in all the details we need in microseconds.

Why require company owners wanting to get compliant as soon as possible to print, sign and send letters through the post for us to review and send back, when e-signatures are entirely legal (see here also) and can be executed in seconds, are used by many large multinational companies, and Signable.co.uk allows instant e-signing of the required documents.

We also surveyed over 100 SMEs asking what features they would most like to see in their ideal auto enrolment platform. The attributes that they most desired were the ability to get signed up in one sitting, online, at zero up front or ongoing cost, on a secure platform, with a good investor track record (click to see) . SME owners overwhelmingly just wanted the job done with minimal fuss (a trend that Steve Webb, Minister of State for Pensions, also called out in a recent speech on the future of pensions - "The feedback we're getting from the smallest firms is, just tell us what to do. I don't want choices, I don't want menus, I don't want, you know, just tell me how I stay out of jail").

Targets

Our Platform: Fast. Secure. Free!

In response to this clear demand, we designed and built a system with which you can, if you have the required information to hand, sign up, enrol employees and get fully compliant within a matter of minutes, on a 100% self service basis at zero cost to your company. No one else offers anything close.

Welcome to Smart Pension.

Fast. Secure. Free

Will

Smart Pension - Detailed Platform Feature Information

Click to see more detail on the features that make our platform faster and more secure than any other: Expand All.

If you think we are missing any features in our platform, please let us know.

As seen on Sky News

Sky Video Preview

Managing Director of Smart Pension, Will Wynne, and Anne-Marie O'Leary, Editor-in-Chief of parenting site, netmums.com, discusses auto enrolment on Sky News and in particular, how it will affect employers who hire home help such as nannies, and don't consider themselves to be employers.

Smart Pension - Fees And Charges

We are better value for employers than:

NEST, The People's Pension, NOW: Pensions, Creative Auto Enrolment and nearly all bank / insurance auto enrolment schemes.
How? Because our pension platform is much more efficient and so has significantly lower running costs, meaning that it costs us far less to provide you and your employees with a best-in-class workplace pension. We pass these savings directly on to you and your employees.
  • Smart Pension - Costs To Employers - Nil

    Costs To Employers - Nil

    Smart Pension - Costs To Employers: One-Off Set Up Costs

    There are no one-off set up costs for employers that sign up with Smart Pension's standard service and there never will be. Please note nearly all companies use our 100% free service and don't pay us a penny.

    Smart Pension - Costs To Employers: Ongoing Annual / Per Employee Costs

    There are no ongoing annual / per employee costs for employers that sign up with Smart Pension's standard service. Unlike NOW: Pensions and The People's Pension we do not charge set up or ongoing fees for companies or advisers to use our platform.

    Smart Pension - Costs To Employers: Other Costs

    Non standard charges: for certain non standard processes (eg checking non standard ID documents (standard = UK driving licence or UK passport) or submitting your Declaration of Compliance on your behalf) then we may charge to cover our reasonable costs in processing these requests. However, we currently do not charge for any of these ancillary support services.

    Were we to roll out additional services for companies, it is conceivable that we would charge for none, some or all of them. However, we currently have no plans over and above offering the UK's best auto enrolment platform to employers (their advisers / agents and their employees).

  • Smart Pension - Costs To Employees - Great Value

    Costs To Employees

    Smart Pension - Costs To Employees: One-Off Set Up Costs

    There are no one-off set up costs for employees that are automatically enrolled with Smart Pension's standard service and there never will be.

    Smart Pension - Costs To Employees: Ongoing / Annual Employee Costs

    Our fees are clear and transparent.

    We charge employees a small monthly "Assets Under Administration" fee of 0.75% per annum of funds under administration. No "transaction" fees or other hidden charges. This is in line with the UK fee cap that has been applied since April 2015 (see page 40 here). Please click here to see how we are great value for employees. If you would like to see how we are great value for employees over the longer term too, please see our detailed worksheet here.

    Smart Pension - Costs To Employees: Other Costs

    Were we to roll out additional services for employees, it is conceivable that we would charge for none, some or all of them. However, we currently have no plans over and above offering the UK's best auto enrolment platform to employers (their advisers / agents and their employees).

    Employee Fee Comparison Table - Year One

    Year One Great value A selection of the main workplace pension providers
    Fees For
    Employees Per
    Payroll Period
    Smart
    Pension
    NEST
    NOW:
    Pensions*
    Creative
    AutoEnrolment†
    The People's
    Pension††
    Fees For Employees Per Payroll Period NEST NOW: Pensions* Creative AutoEnrolment† The People's Pension††
    Total Fees
    For
    1 Employee
    Total Fees For 1 Employee £1.61 £1.61 £8.34 £18.64* £24.86† £1.07††
    Total Fees
    For
    5 Employees
    Total Fees For 5 Employees £8.05 £8.05 £41.70 £93.20* £124.30† £5.35††
    Total Fees
    For
    10 Employees
    Total Fees For 10 Employees £16.10 £16.10 £83.40 £186.40* £248.60† £10.70††
    Total Fees
    For
    25 Employees
    Total Fees For 25 Employees £40.25 £40.25 £208.50 £466.00* £621.50† £26.75††
    Total Fees
    For
    50 Employees
    Total Fees For 50 Employees £80.50 £80.50 £417.00 £932.00* £1,243.00† £53.50††

    * NOW: Pensions charges employers up to £36 per month + VAT for a workplace pension. Please click here for details.

    † Creative Auto Enrolment charges employers up to £300 + VAT to set up a workplace pension. Please click here for details.

    †† The People's Pension charges employers up to £500 + VAT for setting up a workplace pension. Please click here for details.

    Please see the Fee Comparison table for our calculations.

    Long Term Fee Comparison

    This table compares the fees of different auto enrolment services over a 4 year period. To view a more detailed version of this table in a worksheet please click here.

    For more information on the pension minimum contribution rises please click here.

    Please note this is for illustrative purposes only and should not be relied upon.

    Single Employee
    Contributions
    & Fees
    Single Employee Contributions & Fees 2016/17
    Tax Year One
    2017/18
    Tax Year Two
    2018/19
    Tax Year Three
    2019/20
    Tax Year Four
    Average
    UK
    salary
    Average UK salary £27,200.00 £27,200.00 £27,200.00 £27,200.00
    Non
    qualifying
    earnings
    Non qualifying earnings £5,824.00 £5,876.00 £5,876.00 £5,876.00
    Qualifying
    earnings
     
    Qualifying earnings £21,376.00 £21,376.00 £21,376.00 £21,376.00
    Minimum
    contribution
    (%)
    Minimum contribution (%) 2.00% 2.00% 5.00% 8.00%
    Minimum
    contribution
    (£)
    Minimum contribution (£) £427.52 £427.52 £1,068.80 £1,710.08
    Pension pot
    investment
    growth*
    Pension pot investment growth* 3.00% 3.00% 3.00% 3.00%
    Smart
    Pension
    Smart Pension
    Year
    end
    AUM
    Year end AUM £427.52 £866.21 £1,956.01 £3,713.89
    Average
    AUM
    in year
    Average AUM in year £213.76 £646.07 £1,408.69 £2,829.67
    Smart
    Pension fee
    (%)
    Smart Pension fee (%) 0.75% 0.75% 0.75% 0.75%
    Smart
    Pension fee
    (£)
    Smart Pension fee (£) £1.60 £4.85 £10.57 £21.22
    Year end
    AUM
    ex fees
    Year end AUM ex fees £425.92 £861.37 £1,945.44 £3,692.67
    NEST NEST
    Year
    end
    AUM
    Year end AUM £427.52 £859.28 £1,943.96 £3,688.22
    Average
    AUM
    in year
    Average AUM in year £213.76 £639.23 £1,396.81 £2,804.37
    Monthly
    fee
     
    Monthly fee £7.70 £7.70 £19.24 £30.78
    AUM
    fee
     
    AUM fee £0.64 £1.92 £4.19 £8.41
    Total
    NEST
    fee (%)
    Total NEST fee (%) 3.90% 1.49% 1.66% 1.39%
    Total
    NEST
    fee (£)
    Total NEST fee (£) £8.34 £9.61 £23.43 £39.19
    Year end
    AUM
    ex fees
    Year end AUM ex fees £419.18 £849.67 £1,920.53 £3,649.03
    Now:
    Pensions
    Now: Pensions
    Year
    end
    AUM
    Year end AUM £427.52 £848.67 £1,922.44 £3,667.40
    Average
    AUM
    in year
    Average AUM in year £213.76 £628.77 £1,375.61 £2,783.86
    Monthly
    fee
     
    Monthly fee £18.00 £18.00 £18.00 £18.00
    AUM
    fee
     
    AUM fee £0.64 £1.89 £4.13 £8.35
    Total NOW:
    Pensions
    fee (%)
    Total NOW: Pensions fee (%) 8.72% 3.08% 1.57% 0.93%
    Total NOW:
    Pensions
    fee (£)
    Total NOW: Pensions fee (£) £18.64 £19.89 £22.13 £26.35
    Year end
    AUM
    ex fees
    Year end AUM ex fees £408.88 £828.78 £1,900.32 £3,641.05
    Creative
    Auto
    Enrolment
    Creative Auto Enrolment
    Year
    end
    AUM
    Year end AUM £427.52 £842.26 £1,909.05 £3,646.07
    Average
    AUM
    in year
    Average AUM in year £213.76 £622.46 £1,362.41 £2,762.83
    Monthly
    fee
     
    Monthly fee £24.00 £24.00 £24.00 £24.00
    AUM
    fee
     
    AUM fee £0.86 £2.49 £5.45 £11.05
    Total Creative
    Auto Enrolment
    fee (%)
    Total Creative Auto Enrolment fee (%) 11.63% 4.10% 2.09% 1.24%
    Total Creative
    Auto Enrolment
    fee (£)
    Total Creative Auto Enrolment fee (£) £24.86 £26.49 £29.45 £35.05
    Year end
    AUM
    ex fees
    Year end AUM ex fees £402.66 £815.78 £1,879.60 £3,611.02
    The
    People's
    Pension
    The People's Pension
    Year
    end
    AUM
    Year end AUM £427.52 £866.76 £1,958.24 £3,719.80
    Average
    AUM
    in year
    Average AUM in year £213.76 £646.61 £1,410.88 £2,835.49
    Monthly
    fee
     
    Monthly fee £0.00 £0.00 £0.00 £0.00
    AUM
    fee
     
    AUM fee £1.07 £3.23 £7.05 £14.18
    Total The
    People's Pension
    fee (%)
    Total The People's Pension fee (%) 0.50% 0.50% 0.50% 0.50%
    Total The
    People's Pension
    fee (£)
    Total The People's Pension fee (£) £1.07 £3.23 £7.05 £14.18
    Year end
    AUM
    ex fees
    Year end AUM ex fees £426.45 £863.53 £1,951.18 £3,705.62

    * Please note that this is for illustrative purposes only.

    Detailed Long Term Fee Comparison

    To view a more detailed version of our long term fees comparison table in a worksheet, please click here. Below is a preview of our detailed long term fees comparison table.

    Table Sample

Fee, Costs & Key Pension Attributes Comparison

Smart Pension is free for employers, and great value for employees. In addition, sign up with Smart Pension and you'll be using the UK's fastest, most efficient workplace pension platform, with the most advanced set of payroll integrations built in. Finally, thanks to our strategic partnership with Legal & General, you'll have peace of mind that your employees are being offered sophisticated, secure, blue chip investment options, that will help them safely provide for their future.

For a comparison of the key features that we offer compared to other providers, please see the table below.

To view a more detailed version of our employee fees comparison table in a worksheet, please click here.

Great value A selection of the main workplace pension providers
Year
One Only
Smart
Pension
NEST
Pensions
NOW:
Pensions*
Creative
AutoEnrolment†
The People's
Pension††
Fees For Employees Per Payroll Period NEST NOW: Pensions* Creative AutoEnrolment† The People's Pension††
1. Company
Fees
1. Company Fees Set up
fee
Set up fee Free Free Free Free Free £500 + VAT††
Ongoing
fee
Ongoing fee Free Free Free £432 p.a. + VAT* £240 p.a. + VAT† Free
Total
charge
Total charge Free Free Free £432 + VAT* £240 + VAT† £500 + VAT††
2. Employee
Fees
2. Employee Fees Average UK
salary1
Average UK salary1 £27,200 £27,200 £27,200 £27,200 £27,200 £27,200
Qualifying
earnings
Qualifying earnings £21,376 £21,376 £21,376 £21,376 £21,376 £21,376
Contributions
(Y1)
Contributions (Y1) £428 £428 £428 £428 £428 £428
Average
AUM (Y1)2
Average AUM (Y1)2 £214 £214 £214 £214 £214 £214
AMC3
Year One
AMC3 0.75% 0.75% 0.30% 0.30% 0.40% 0.50%
Admin
fee rate
Admin fee rate Free Free 1.80% £1.50 / month £2.00 / month Free
Total
charge
Total charge £1.61 £1.61 £8.34 £18.64 £24.86 £1.07
Charge as a percentage
of average AUM (Y1)2
Charge as a percentage of average AUM (Y1)2 0.75% 0.75% 3.90% 8.71% 11.62% 0.50%
Percentage of Smart
Pension fees
Percentage of Smart Pension fees 518% 1,158% 1,544% 66%
3. Key Pension
Attributes
3. Key Pension Attributes Master Trust
Assurance Framework?
Master Trust Assurance Framework?
Mentioned On The Pensions
Regulator's Website
Mentioned On The Pensions Regulator's Website
Defaqto
rating
Defaqto rating 5 STAR 5 STAR 5 STAR 2 STAR 2 STAR 5 STAR
Employee
investment fund
Employee investment fund Legal & General funds Legal & General funds Unspecified global companies Unspecified "Diversified Growth Fund" Scottish Widows Unspecified
Sharia
Fund?
Sharia Fund?
Guaranteed
acceptance?
Guaranteed acceptance?
Participation
agreement lock-in?
Participation agreement lock-in? NO NO NO‡ NO However contributions cannot be taken out if members leave the scheme. 2 years NO‡‡ NO However contributions cannot be taken out if members leave the scheme. NO
Automated contribution calculation,
assessment & communications?
Automated contribution calculation, assessment & communications?
Automated
employee education?
Automated
employee education?
2 step verification
security available?
2 step verification security available?
Fully secure
HTTPS website?
Fully secure HTTPS website?
Digital
direct debit
Digital direct debit
Automated
company lookup
Automated company lookup
Live customer
service chat
Live customer service chat
Automated business
address cleansing
Automated business address cleansing
Electronic
Signature
E-Signature

‡ NO. However contributions cannot be taken out if members leave the scheme.

‡‡ No. However there is an immediate compulsory 3 month postponement.

* NOW: Pensions charges employers up to £36 per month + VAT for a workplace pension. Please click here for details.

† Creative Auto Enrolment charges employers up to £300 + VAT to set up a workplace pension. Please click here for details.

†† The People's Pension charges employers up to £500 + VAT for setting up a workplace pension. Please click here for details.

1 Source: Annual Survey of Hours and Earnings - ONS - 2014.

2 AUM = Assets under management.

3 AMC = Annual management charge.

To view a more detailed version of our long term fees comparison table in a worksheet, please click here.

Advisers & Our Platform

IFAs and middleware providers may charge fees to the company to advise or to provide auto enrolment services, however there would still be additional underlying pension fees. Smart Pension is 100% free for employers and great value for employees. If you prefer to outsource your auto enrolment to a trusted adviser, we are happy to work with your IFA, accountant, bookkeeper or payroll bureau to set up your workplace pension.

Advisers and agents can find out more here.

These calculations were based on correct competitor pricing as at 12/09/2017.

If you think there is an error on this page, please feel free to contact us and we will do our best to correct it.

Not only are we phenomenally good value for employers (free!) and employees, but we are also the quickest and most efficient solution in the industry and we offer sophisticated, secure, blue chip investment options. Why choose anyone else?

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