Provider comparison
Royal London vs Smart Pension
Side-by-side comparison from the PerkIQ directory. Cover, pricing, regulator status, and fit at a glance.
Category
Pension & Retirement
Pension & Retirement
Best for
Businesses of all sizes
Businesses of all sizes
Pricing model
On request
Depends on employer size and set-up route
UK presence
UK mutual
UK master trust
Regulator
FCA and PRA regulated insurer (see FCA Register)
Master trust authorised by The Pensions Regulator
Strapline
Royal London is a customer-owned mutual offering workplace pensions for employers.
Smart Pension runs a workplace pension master trust with a digital set-up for employers and an app for members.
What's included
- Workplace pension. A contract-based workplace pension with a default fund and Governed Portfolios.
- Implementation support. An implementation manager and ongoing contact.
- Employee communications. A communications toolkit and an app for employees.
- Salary exchange. Support for paying pension contributions through salary exchange.
- Online set-up. Employers set up and run the scheme online.
- Member app. Employees check and manage their pension in an app.
- Payroll integrations. Connects to payroll software including Xero, Sage and IRIS.
- Fund choice. A default fund plus other options, including responsible investment funds.
At a glance
- FCA and PRA regulated
- Customer-owned mutual
- Implementation support
- Employee app
- Authorised by The Pensions Regulator
- Digital set-up
- Member app
- Payroll integrations
Pick the right one with data, not a sales pitch
Score your benefits stack with PerkIQ and you'll see which of these (or another provider entirely) closes the biggest gaps for your team.
Information on this page is editorial, gathered from public sources and the providers' own materials, and does not constitute financial advice or a recommendation. For a quote, contact each provider directly or speak to an FCA-authorised broker. PerkIQ is not a reseller and earns no commission on provider sign-ups.