Smart Pension closes £3.3m Series A round

Smart Pension

Smart Pension, an automated enrolment pension provider, has closed a £3.3m Series A round.

The round, which drew support from a range of angle investors including Ed Asseily, Secret Escapes co-founder Tom Valentine, and William Reeve, brings the company’s total funding to £5m.

Smart Pension co-founder and CEO Andrew Evans, said: “We are building an advanced technology pension platform that makes auto enrolment affordable, accessible and sustainable for thousands of small business founders and their advisers.

“We are on a powerful, upwards trajectory and to be announcing such high quality additions to our board together with a strong investment round at this key stage is a big vote of confidence in our plans to make Smart Pension the best, most efficient pension provider in the market.”

The money, a statement said, will be used to help the company grow.

Changes to the board

As part of the announcement, Smart Pension said Duncan Howorth, former CEO of Jardine Lloyd Thompson PLC would join its board. Additionally, former Lord Mayor of London Sir Anthony Joliffe will take the rains as Smart Pension’s chairman.

Howorth commented: “I am delighted to be joining the board of Smart Pension. The success of auto enrolment has always been a passion of mine – and key to its success is supporting the millions of businesses and their employees entering the workplace pensions market for the first time.

“Smart Pension’s market leading technology, Master Trust Assurance Framework (MAF) accreditation, strong trustee governance and financial backing will enable these businesses to enroll with confidence and convenience,” he concluded.