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Study Suggests Auto IRA Compliance Burden Will be Easy
With Congress set to consider legislation implementing automatic retirement arrangements, a new report by Smart maintains that the legislation will enhance retirement security and be simple for small employers to comply with.
Directed at policymakers, the report, Smart strongly supports auto IRA/Plan legislation to enhance retirement security, describes how requiring employers to maintain a retirement plan can lead to a substantial leap in overall plan participation and retirement coverage for Americans.
Read the full article here.
About 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.
Media contact for Smart:
Maria Stenina
VP of Promotions Marketing – US
maria.stenina@smartretire.com