Provider comparison
TPT Retirement 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
50-50,000 employees
1-10,000+ employees
Pricing model
AMC varies by scheme size
Free for employer; 0.45-0.75% AMC for members
UK presence
Since 1946
Since 2015
Regulator
TPR
TPR & FCA
Strapline
TPT Retirement Solutions runs a multi-employer master trust with strong focus on responsible investing and member outcomes. Particularly strong for mid-market schemes (250+ members).
Smart Pension is a digital-first workplace pension master trust used by 70,000+ UK employers. Quick onboarding, modern member app, and competitive AMC make it a popular choice for SMEs.
What's included
- DC master trust + DB administration. One provider for both defined-contribution master trust and ongoing defined-benefit scheme administration.
- Strong ESG investment options. Long-standing leadership in responsible investing, with multiple ESG-screened and impact funds.
- Professional trustee board. Independent trustee-led governance with experience across charities, public sector, and commercial schemes.
- Mid-market specialism. Scheme structures tuned for 250-50,000 member organisations rather than micro-business onboarding.
- Fast setup. Sign up online and start auto-enrolment in under an hour. No paperwork, no broker required.
- Member app. Mobile-first pension management, employees can change contributions, switch funds, and project retirement income in-app.
- Sustainable default. Smart Sustainable Growth fund is the auto-enrolment default, with ESG screens and climate alignment baked in.
- API integrations. Native integrations with major UK payroll systems (Xero, Sage, BrightHR, Iris) for automated contributions.
Who it's for
No fit notes published.
No fit notes published.
Pricing approach
No pricing notes published.
No pricing notes published.
At a glance
- TPR authorised
- Not-for-profit
- Founded 1946
- Strong ESG focus
- Mid-market specialism
- Both DC master trust and DB administration
- Master trust authorised by TPR
- 1.5m+ members
- 70,000+ employer schemes
- Self-service setup in <1 hour
- AMC 0.45-0.75%
- Sustainable default fund
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.
