Smart, the retirement technology platform provider and owner of Smart Pension and the Smart Pension Master Trust, has announced that Paul Bucksey has been appointed as managing director (MD) of the award-winning Smart Pension workplace business. The move comes as Smart reorganises to ensure that its platform business and master trust have appropriate separation to ensure the needs of all of its clients can be effectively met.
Paul Bucksey joined Smart Pension as Director of Distribution in February 2019. During this time the Smart Pension Master Trust has grown from AUM of £100m to more than £1.3 billion. The scheme has also been active in acquiring other master trusts including Corpad, Lighthouse and Welpan, as well as consolidating a number of single employer trusts.
Jamie Fiveash, CEO, Smart UK, said:
“With over 20 years experience, Paul is an expert in the UK workplace pensions market and will be responsible for making sure the Smart Pension Master Trust continues to provide leading pension solutions for employers and scheme members. These changes are part of a restructure as the business grows from a UK workplace pension business to a global retirement technology company, and will ensure that the master trust is run separately to our wider platform business.”
Paul Bucksey, Managing Director, Smart Pension (UK), said:
“We have some exciting plans for the future and I’m delighted to take on this new role here at Smart Pension. Our purpose-built platform simplifies pensions for employers and empowers members to have full control of their retirement savings. I look forward to working with the trustee and colleagues to bring the best of Smart Pension to all of our current and future customers.
Prior to joining Smart Pension, Paul was a Managing Director at BlackRock (subsequently acquired by Aegon UK), leading their UK workplace pension business. Before this he spent six years at Fidelity International where he helped establish a strong foothold in the UK workplace pension market.
The news follows recent changes in roles for Jamie Fiveash, who was appointed as the CEO of Smart, UK, and Andrew Evans and Will Wynne, who became Group CEO and Group MD, respectively.
Founded in 2014 and launched in 2015, the Smart Pension Master Trust has grown from £100 million in AUM to £1.3 billion in the last two years.