Paul Bucksey will become the new managing director of Smart Pension workplace business.
This appointment comes as part of a reorganisation of the business which sees Smart separate out its platform business and master trust to ensure the needs of clients are effectively met.
Bucksey joined Smart Pension in February 2019 as director of distribution. During this period Smart Pension Master Trust has grown its assets under management from £100m to more than £1.3bn. This has come through an active acquisition programme which has seen it buy other master trusts, including Corpad, Lighthouse and Welplan as well as consolidating a number of single employer trusts.
Prior to joining Smart Pension, Bucksey was a managing director at BlackRock, which subsequently acquired by Aegon UK, leading their UK workplace pension business.
Before this he spent six years at Fidelity International where he helped the company establish a strong foothold in the UK workplace pension market.
Smart UK chief executive Jamie Fiveash says: “With over 20 years experience, Paul is an expert in the UK workplace pensions market and will be responsible for making sure the Smart Pension Master Trust continues to provide leading pension solutions for employers and scheme members.
“These changes are part of a restructure as the business grows from a UK workplace pension business to a global retirement technology company, and will ensure that the master trust is run separately to our wider platform business.”
Buckey adds: “Our purpose-built platform simplifies pensions for employers and empowers members to have full control of their retirement savings. I look forward to working with the trustee and colleagues to bring the best of Smart Pension to all of our current and future customers.”
The news follows recent changes in roles for Jamie Fiveash, who was appointed as the CEO of Smart UK, and Andrew Evans and Will Wynne, who became group CEO and group MD, respectively.
Smart was founded in 2014 and launched its first pension products in 2015.