WorkLife teams up with Smart Pension to offer low-cost workplace pension on benefits platform

Employee benefits platform, WorkLife by OpenMoney, has joined forces with pension technology platform, Smart Pension, to offer SMEs easier access to a ow-  cost workplace pension, which they can access at a preferential rate through WorkLife.

Smart Pension, is one of the largest workplace pension providers in the UK operating a master trust for over a million members. The tie-up will see the staff of SMEs which have signed up to WorkLife gain access to a straightforward, low-cost workplace pension solution which provides a range of sustainable investment options.

This will be along the extensive range of benefits already available through the platform, such as access to financial guidance and mortgage advice provided by OpenMoney, a will writing service, and money saving insight from Mouthy Money.

This latest addition to the WorkLife suite of benefits further enhances the platform’s carefully curated range of SME-friendly benefits. Ensuring SMEs aren’t priced out of providing their staff with truly holistic employee wellbeing is core to WorkLife’s mission: to make sure all employees, regardless the size of their employer, have their financial, mental, social, physical and environmental wellbeing needs met without compromise.

Paul Chedzey, Commercial Director of WorkLife said: “Employers are uniquely placed to be able to provide the tools and products that can help staff to make better financial decisions, and saving money for future income via a pension is part of that.

Teaming up with Smart Pension means employers can better support their staff with their financial wellbeing by making it easier for them to access and manage their workplace pension with Smart Pension’s app as well as benefitting from a reduced annual management charge on
their pension savings.”