Smart Pension partners with Yonder to provide UK-based remote workers with pensions
UK-based workplace pension provider Smart Pension has begun working with Yonder to help provide pensions to international employers with remote workers in the UK.
Yonder, launched earlier this year, is an “all-in-one” platform to automate health insurance and retirement benefits globally.
Through the new partnership, which uses both companies’ APIs, international employers are able to digitally set up and manage a workplace pension for their UK-based employees that is compliant with UK auto-enrolment law.
Even if the company does not have a UK bank account, it can still provide their UK-based employees with comprehensive employee benefits, available to access and control with the Yonder app.
Luke Mackey, co-founder and chief executive officer of Yonder, said: “After the success of our workplace pension partnership in Ireland, we were keen to support UK-based employees quickly, and Smart Pension is the perfect fit for us. Their digital-first approach to pensions aligned with our core values.
“I’m excited that Yonder is engaging with the highest-quality providers to expand its presence in local markets.”
Last year, Yonder raised a €2.6 million pre-seed round from Northzone, Frontline and Cocoa.
In March this year, Yonder teamed up with financial services group Irish Life, enabling companies and their Irish employees to enrol in local health insurance policies and pensions.
Chris Glanton, director of strategic partnerships at Smart Pension, said: “At Smart Pension, we’ve always put employers and members first so we were very excited at the opportunity to work with another fintech disruptor focussed on the employee benefits market.
“Making retirement accessible is a priority for us and this partnership and technology integration really supports this.”
He added: “Our pension platform supports SMEs, to those with tens of thousands of employees, so it’s perfect to support the range of clients Yonder has.”