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Smart Pension vs NOW: Pensions - Key Pension Attributes Comparison

On this page you will find a detailed comparison between Smart Pension and NOW: Pensions's automatic enrolment workplace pension schemes.

The Smart choice

Over the next few years, it is expected that around 73% of all small businesses and around half of micro businesses will have new workplace pension duties. New employers taking on their first worker(s) from 1st October 2017 have to provide them with a workplace pension immediately. If you're an employer who is looking to set up an automatic enrolment workplace pension for your employee(s) for the first time or if you are looking to transfer from your existing pension provider, searching for the right one to go with can be a rather overwhelming task.

Smart Pension could be the smart choice for you.

Smart Pension is not only free for employers and advisers, it's also great value for employees (we only charge a small monthly assets under management (AUM) fee of 0.75%). For a comparison of the fees and key features that Smart Pension offers compared to NOW: Pensions, please see the tables below (for a comparison of Smart Pension and other main automatic enrolment workplace pension providers, click on the relevant link: NEST / The People's Pension / Creative Auto Enrolment ).

Smart Pension vs NOW: Pensions Key Pension Attributes Comparison

Smart Pension
vs
NOW: Pensions
Great value Key attributes comparison
Year
One Only
Smart
Pension
NOW:
Pensions
Key Pension Attributes NOW: Pensions
Master Trust
Assurance Framework?
Master Trust Assurance Framework?
Mentioned On The Pensions
Regulator's Website
Mentioned On The Pensions Regulator's Website
Employee
investment fund
Employee investment fund Legal & General funds Legal & General funds Unspecified "Diversified Growth Fund"
Sharia
Fund?
Sharia Fund?
Guaranteed
acceptance?
Guaranteed acceptance?
Participation
agreement lock-in?
Participation agreement lock-in? NO NO 2 years
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
Smart
Rewards
Smart Rewards
Funds
Selection
Funds Selection
Mobile
App
Mobile App
Amazon
Alexa Skill
Amazon Alexa Skill
Google
Home
Google Home

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.

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

Why Smart Pension?

Founded by experienced finance and technology professionals, Smart Pension has been designed specifically to support UK businesses faced with the challenges of the automatic enrolment legislation. Smart Pension is the UK's fastest, most efficient workplace pension platform, with the most advanced set of payroll integrations built in. Our award-winning platform has also been MAF-accredited. Our strategic partnership with Legal & General will give you peace of mind that your employees are being offered sophisticated, secure, blue-chip investment options that will help them safely provide for their future. With thousands of happy customers now using the Smart Pension platform and a new business joining every seven minutes, we are confident that we offer the best workplace pension solution currently available in the UK. Just see for yourself what they have to say about Smart Pension from our Google reviews.

Other main workplace pension provider comparisons

For a comparison between Smart Pension and a selection of other main workplace pension providers on the market, please click the relevant link below:

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