NASHVILLE, TN – August 29, 2023 – Smart, a leading global retirement technology provider, is pleased to announce the wider availability of its Fiduciary Services to advisory firms, recordkeepers, and third-party administrators to provide Pooled Employer Plans (“PEPs”) and single employer plans with ease and confidence. With a mission to bridge the retirement coverage gap, Smart's innovative technology-supported processes reduce employer fiduciary risks and complexity, paving the way for businesses to offer retirement savings plans to their employees.
Navigating the complexities of retirement plans, including regulatory and operational requirements, can be a daunting task for employers. Often, employers lack the understanding, time, and expertise needed to carry out their fiduciary duties effectively. The combined risks and costs associated with fiduciary responsibilities can deter businesses from offering retirement plans altogether.
However, Smart's Fiduciary Services address these challenges head-on, working with plan providers, recordkeepers, and third-party administrators in the industry to create comprehensive PEP and single employer plan solutions to help mitigate employer fiduciary risk and enable businesses to adopt a plan for their employees.
Jodan Ledford, the US CEO of Smart, said:
“We believe in the power of collaboration and equipping our partners, such as recordkeepers, third-party administrators, and other plan providers, with the tools they need to manage efficient and scalable retirement plan solutions, including PEPs. Their important work ensures the realization of retirement dreams for countless individuals. At Smart, we are committed to continuous innovation on behalf of our industry, transforming possibilities into realities, and building a brighter, more secure future for all."
Click here for more information on partnering with Smart.
Smart is a global savings and investments technology provider. Its mission is to transform retirement, savings, and financial well-being, across all generations, around the world.
Smart partners with financial institutions (including broker-dealers, RIAs, retirement providers, insurers, asset managers, banks) and financial advisers to deliver retirement savings and income solutions that are digital, customized, and cost-efficient.
Smart, founded in the UK, operates in the USA, Europe, Australia, and the Middle East with over a million savers and over $5 billion in assets. Smart saw over 2,000% growth in assets on its platform since 2018.
Legal & General, J.P. Morgan, Fidelity International Strategic Ventures, Link Group, Barclays, Natixis Investment Managers, Chrysalis Investments, DWS Group and Aquiline Capital Partners are all investors to date in Smart.
For more information, please visit www.smartretire.com.
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