Smart Pension has partnered with the Royal Institute of British Architects (RIBA) to create a new AE pension solutions for architect practices.
After a staff consultation period, RIBA has also moved its own staff pension scheme to Smart Pension.
Members of the new RIBA Pension Solution will gain access to Smart Pension’s responsible investing strategy including the new ESG focus in the default fund and self select funds.
Smart director of business development Paul Budgen says: “We have now successfully transitioned over 500 architect practices and look forward to working with them. The scheme will offer RIBA members better value for money and will also allow them to achieve more successful retirement outcomes through Smart Retire, our new innovative retirement proposition.”
RIBA commercial director Belinda Irlam-Mowbray adds: “We are committed to regularly evaluating products and services to ensure they offer the best value and align with our organisational priorities.
“This new partnership with Smart will offer members and participating employers a more flexible and easily administered pension scheme that has a sustainable and ethical approach to investing.”
Smart Pension has substantial experience with SMEs with more than 70,000 employers choosing the platform since their launch in 2014. Its master trust now has more than 700,000 member and £1.6bn assets under management.