Smart and Link Group announce global strategic partnership

Workplace pensions innovator, Smart, and the leading administrator in the Australian superannuation industry, Link Group, have today announced a strategic global partnership to take their combined expertise into new markets both in the UK and globally.

By

Smart

13/11/2019

Workplace pensions innovator, Smart, and the leading administrator in the Australian superannuation industry, Link Group, have today announced a strategic global partnership to take their combined expertise into new markets both in the UK and globally.

The partnership will see Link Group take an equity investment in the UK fintech firm as part of a strategic placement round.

The strategic investment gives Link Group a strong and credible entry point into the growing UK retirement market and will significantly strengthen Smart’s global expansion path, which has already seen it sign deals to deliver its savings platform technology in Ireland and Dubai.

Andrew Evans, Smart Pension co-founder and CEO, said:

“This strategic partnership with a world-class player like Link Group significantly strengthens our global expansion plans while giving Link Group access to the UK retirement market and our leading financial products including our innovative at-retirement solution ‘Smart Retire’.
“Link Group has been at the forefront of administration in a very successful Australian superannuation market and it continues to invest in state of the art systems. This is a very positive partnership which facilitates both companies entering new markets.”

Link Group Managing Director, John McMurtrie, said:

“We are impressed by the Smart Pension team and confident in their people and technology capabilities, as well as their extensive understanding of the defined contribution pensions market in the UK.
“This partnership will leverage Link Group’s core capabilities and is an example of our strategy to identify attractive adjacent market opportunities aligned with our service strengths, with a pathway to future growth.”

Link Group joins Europe’s second largest asset manager, Legal & General, and the US asset manager, J.P. Morgan, as an equity investor in Smart.

As part of the agreement, Link Group will take on the administration for the Smart Pension Master Trust which continues to grow quickly following major consolidation deals such as the Lighthouse Group and Corpad, with more significant mergers in the pipeline.

John McMurtrie will take a non-executive seat at the Smart Pension board.  

ENDS

For Link Group media inquiries contact [email protected]

About Link Group (ASX: LNK)

Link Group connects millions of people with their assets, including equities, pension and superannuation, investments, property and other financial assets. Link Group partners with thousands of financial market participants to deliver services, solutions and technology platforms that enhance the user experience and make scaled administration simpler.

They help manage regulatory complexity, improve data management and provide the tools to connect people with their assets, leveraging analysis, insight and technology.

For more information, please visit: www.linkgroup.com

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FOOTNOTES
CONTRIBUTORS

Smart and Link Group announce global strategic partnership

Workplace pensions innovator, Smart, and the leading administrator in the Australian superannuation industry, Link Group, have today announced a strategic global partnership to take their combined expertise into new markets both in the UK and globally.

Workplace pensions innovator, Smart, and the leading administrator in the Australian superannuation industry, Link Group, have today announced a strategic global partnership to take their combined expertise into new markets both in the UK and globally.

The partnership will see Link Group take an equity investment in the UK fintech firm as part of a strategic placement round.

The strategic investment gives Link Group a strong and credible entry point into the growing UK retirement market and will significantly strengthen Smart’s global expansion path, which has already seen it sign deals to deliver its savings platform technology in Ireland and Dubai.

Andrew Evans, Smart Pension co-founder and CEO, said:

“This strategic partnership with a world-class player like Link Group significantly strengthens our global expansion plans while giving Link Group access to the UK retirement market and our leading financial products including our innovative at-retirement solution ‘Smart Retire’.
“Link Group has been at the forefront of administration in a very successful Australian superannuation market and it continues to invest in state of the art systems. This is a very positive partnership which facilitates both companies entering new markets.”

Link Group Managing Director, John McMurtrie, said:

“We are impressed by the Smart Pension team and confident in their people and technology capabilities, as well as their extensive understanding of the defined contribution pensions market in the UK.
“This partnership will leverage Link Group’s core capabilities and is an example of our strategy to identify attractive adjacent market opportunities aligned with our service strengths, with a pathway to future growth.”

Link Group joins Europe’s second largest asset manager, Legal & General, and the US asset manager, J.P. Morgan, as an equity investor in Smart.

As part of the agreement, Link Group will take on the administration for the Smart Pension Master Trust which continues to grow quickly following major consolidation deals such as the Lighthouse Group and Corpad, with more significant mergers in the pipeline.

John McMurtrie will take a non-executive seat at the Smart Pension board.  

ENDS

For Link Group media inquiries contact [email protected]

About Link Group (ASX: LNK)

Link Group connects millions of people with their assets, including equities, pension and superannuation, investments, property and other financial assets. Link Group partners with thousands of financial market participants to deliver services, solutions and technology platforms that enhance the user experience and make scaled administration simpler.

They help manage regulatory complexity, improve data management and provide the tools to connect people with their assets, leveraging analysis, insight and technology.

For more information, please visit: www.linkgroup.com

About Smart

Smart is a global savings and investments technology platform provider. Its mission is to transform retirement, savings and financial well-being around the world.

Smart partners with governments and financial institutions (including insurers, asset managers, banks, financial advisers) to deliver retirement savings and income solutions that are digital, bespoke and cost efficient. In addition to the UK, Smart is operating in the USA, Europe, Australia and the Middle East with more than a million savers entrusting over £4 billion in assets on the platform. 

Smart supports its clients with a 750 strong global team.

Legal & General, Fidelity International Strategic Ventures, J.P. Morgan, the Link Group, Barclays, Natixis Investment Managers, DWS Group and Chrysalis Investments are all investors in Smart.

We tweet as @SmartPensionUK.

For media enquiries

Email: [email protected]