Andrew Evans (right)/Smart.
JP Morgan-backed workplace pensions provider Smart hits £5bn in platform AUM
AltFi can exclusively reveal that Smart has more than doubled its assets over the last year.
Workplace pensions provider Smart has seen the total assets under management (AUM) of its pensions platform grow by 117 per cent over the last 12 months, AltFi can exclusively reveal.
The result is over £5bn in AUM, a milestone that is nearly three times the last reported AUM of its challenger workplace pension rival Cushon, which was acquired by NatWest last week for £144m, and £2bn more than private pension provider PensionBee.
Unlike its rivals, Smart recently launched its own Keystone technology platform as an offering for corporates and other pension providers to harness, including global insurer Zurich and New Ireland Assurance.
“Our platform is scalable, cost-effective and can manage retirement savings seamlessly. For retirement savers around the world, this is a unique and incredibly compelling proposition.”
“This is a $62 trillion global sector waiting to be disrupted, and we are uniquely positioned to take advantage of that.”