Fintech pension provider eyes US market
Workplace pension provider Smart Pension is looking to move into the US market in response to overseas interest in its retirement services.
Company officials are currently taking part in a UK fintech delegation to Chicago, led by Peter Estlin, Lord Mayor of the City of London, which includes financial services companies such as Revolut and Worldpay.
FTAdviser reported in April that the provider was chosen by the government to participate in a fintech bridge pilot programme in Australia.
The provider said it is in advanced discussions around using its technology-enabled workplace savings services in the US.
These include negotiations to offer retirement savings plans sponsored by employers, known as 401k, open multiple employer plans, and individual retirement accounts, with announcements expected in late 2019 and early 2020, it added.
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