Smart Pension, the UK’s only fintech master trust, has won the highly coveted ‘Master Trust Offering of the Year’ Award at the Pension Age Awards 2020.
The best of the pensions and investment industry were recognised for their work throughout 2019 at a prestigious ceremony in London on Thursday 27 February 2020.
The shortlist for ‘Master Trust Offering of the Year’ featured some of the largest schemes in the UK, including government-backed, Nest. Other shortlisted master trusts were schemes such Legal & General, Aviva, The People's Pension, Atlas, Citrus, SEI, TPT Retirement Solutions and Workers Pension Trust.
Commenting on the win, Darren Philp, Director of Policy and Communications at Smart Pension, said:
“To be named as ‘Master Trust Offering of the Year’ in a year where there's been a lot of scrutiny of master trusts, including the introduction of a new authorisation regime, is a fantastic achievement and one that we are proud of. We put a lot of emphasis on strong governance, innovation, customer service and our use of technology, and we are pleased that the judges recognised our achievements over the past year.”
Smart Pension is a global savings and investments technology platform provider. Co-founded in 2014 by Andrew Evans, CEO, and Will Wynne, MD, it is one of the UK's largest providers of workplace pensions. Its award-winning master trust is overseen by independent professional trustees. In 2016, Europe’s second largest asset manager Legal & General Investment Management (LGIM) took a minority stake in the digital pension platform, part of a move by LGIM to invest in high-achieving, innovative technology that has a positive impact on the wider economy. In January 2019 J.P. Morgan invested as part of a strategic investment round and in November 2019, Link Group, the leading administrator in the Australian superannuation industry, invested as part of strategic partnership.
In 2019 Smart Pension was named DC Master Trust of the Year, DC Innovation of the Year and Retirement Innovation of the Year in the UK Pensions Awards. It was also named European Pension Fund of the Year 2019 in the European Pension Awards.
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