Smart Pension has announced a partnership with Yonder to provide a digital solution for international employers who need to comply with workplace pension law for their UK-based employees.
The partnership utilises both companies’ APIs to allow employers to set up and manage employees’ pensions that are compliant with UK auto-enrolment law.
“It means that no matter where the company is based, even if they don’t have a UK bank account, they can provide their UK-based employees with comprehensive employee benefits,” said a spokesperson for Smart Pension.
Yonder, launched earlier this year, provides an “all-in-one” platform for the automation of health insurance and retirement benefits globally. Employees are able to access and control benefits via the Yonder app.
The company recently set up a workplace partnership in Ireland and Luke Mackey, Yonder co-founder and CEO, said the company was keen to follow up the move by supporting UK-based employees.
“Smart Pension is the perfect fit for us,” said Mackey. 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.”
Chris Glanton, director of strategic partnerships at Smart Pension, said the partnership and technology integration supported the provider’s priority of making retirement accessible.
“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 focused on the employee benefits market,” Glanton 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.”