Legal and General Investment Management (LGIM) has taken a minority stake in Smart Pension to boost its auto-enrolment capabilities for micro employers.
The deal means all Legal & General auto-enrolment customers who employ fewer than 50 people will be pointed towards the Smart Pension platform. Clients will have access to a range of LGIM defined contribution (DC) pension funds specifically designed for the master trust. LGIM chief executive Mark Zinkula said: "Achieving excellence in technology continues to underpin our overall strategy. "To be successful in this digital age, we know how important it is to embrace and invest in innovative technology solutions that offer substantial benefits to our customers." Smart Pension is f...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
