Businesses that sign up through Barclays will be able to offer their employees access to the bank’s proprietary Global Market Funds
Barclays teamed up with Smart Pension platform. Source: flickr.com
Barclays has announced a partnership with Smart Pension, the UK online pension provider.
According to the report, Smart Pension offers an online portal for both the employer and employee. That allows individuals to easily manage their participation in the scheme. The portal can be integrated with other administrative programs such as payroll, admin, reporting, and compliance capabilities.
Last year, the bank took a minority stake in retirement technology provider, Smart, as part of its Series C fundraising round to support its global growth, which includes entry into the US market.
The collaboration is the latest in a series of strategic fintech partnerships announced by Barclays over the last few years. It has previously partnered with MarketFinance, Nimbla and Propel offering invoice financing, insurance products, and asset finance to thousands of Barclays Business Banking clients.
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