Employee benefits service WorkLife has partnered with Smart Pensions to offer workplace pensions to the suite of products available on its digital platform.
WorkLife offers a range of services to small businesses, the majority of whom will have to set up and make contributions into a pension via the auto-enrolment rules.
As part of this deal WorkLife customers will be able to access Smart Pension products at a preferential rate.
Smart Pension will be offered via the WorkLife platform, which integrates benefits and pensions within the company’s payroll services.
WorkLife already offers a variety of employee benefits, including free financial advice, offered by OpenMoney, along with free mental health support and a wide range of discounts on shopping, eating out and health and fitness.
Access to this platform normally costs companies £2 per employee per month, but it is currently available free of charge for the rest of the year to help smaller businesses struggling in the wake of the coronavirus pandemic.
WorkLife managing director Rob Marshall says: “Smart Pension is different from any of the other pension providers we spoke to. Its focus is on financial wellbeing and making pensions more understandable so that workers can take control of their retirement planning.
“Workers are increasingly turning to their employers when looking for guidance around important issues such as money. A pension is a vital foundation stone in everyone’s finances and workplace pensions make it much more straightforward for people to start saving for their retirement, so it’s important that small businesses offer their workers the best pension they can.”
Smart Pension director of distribution Paul Bucksey adds: “Smart Pension and OpenMoney share a common goal of making life easier for employers and their employees. We look forward to working with OpenMoney’s WorkLife platform to provide clients with a high-quality, tech-enabled workplace pension.”