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
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.
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:
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.