Smart Pension grows to over £9.3bn AUM

Smart Pension has completed a £650m transfer of assets and members from the Options Workplace Pension Trust (OWPT) into the Smart Pension Master Trust. 

This takes Smart Pension’s assets under management (AUM) to over £9.3bn as it moves closer to the £10bn mark, with the company expecting to hit that figure by the middle of 2026. 

The transfer of the OWPT was completed using Smart’s Keystone platform, allowing the migration of data, assets and member records.

People and businesses moved over can now access Smart Pension’s app for managing their pension savings, with governance overseen by the Smart Pension trustee board. 

This transfer is part of Smart Pension’s ongoing consolidation strategy, with 10 master trusts now brought under the Smart Pension banner, including the Crystal Trust, Ensign Master Trust, Welplan Master Trust, Corpad Master Trust and Corporate Pensions Trust.

Jamie Fiveash, CEO at Smart UK, said: “We’re delighted to complete this transfer and welcome our new members and employers to Smart Pension. 

“It’s an important milestone and further evidence of the strength of the Keystone platform and our consolidation strategy.  

“With assets now nearly at £10bn, and positive regular contribution flows of £1.6bn per annum, we are on track to achieve the scale target of £25bn well before 2035, based on organic growth alone.”