Provider comparison
Scottish Widows 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 provider
UK master trust
Regulator
FCA and PRA regulated insurer (see FCA Register)
Master trust authorised by The Pensions Regulator
Strapline
Scottish Widows, part of Lloyds Banking Group, offers workplace pensions including a master trust and contract-based schemes.
Smart Pension runs a workplace pension master trust with a digital set-up for employers and an app for members.
What's included
- Master trust. A trust-based workplace pension with an independent trustee board.
- Contract-based schemes. Group personal pension options for employers.
- Retirewell. An engagement portal to help employees plan for retirement.
- Employee app. Employees manage their pension in an app.
- 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
- Part of Lloyds Banking Group
- Master trust option
- Retirewell portal
- 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.