On the go: The Royal Institute of British Architects has partnered with Smart Pension to create an auto-enrolment solution for RIBA’s architect practices, while moving its own defined contribution scheme to the master trust.
Members of the new RIBA Pension Solution will gain access to Smart Pension’s responsible investing strategy, including the new environmental, social and governance focus in the master trust's default fund and self select funds, the provider said.
The industry body also moved its own staff pension scheme to Smart Pension, following a consultation period.
Paul Budgen, director of business development at Smart Pension, said that more than 500 architect practices have now successfully transitioned to the master trust.
“The scheme will offer RIBA members better value for money and will also allow them to achieve more successful retirement outcomes through Smart Retire, our new innovative retirement proposition,” he said.
Belinda Irlam-Mowbray, commercial director at RIBA, commented: “We are committed to regularly evaluating our products and services to ensure they offer the best value and align with our organisational priorities.”
“This new partnership with Smart will enable us to offer our members and participating employers a more flexible and easily administered pension scheme that has a sustainable and ethical approach to investing. We look forward to sharing the benefits with existing and future customers,” she concluded.
This article originally appeared on MandateWire.com.
