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    Link Group Expands into UK Pension Market

    Dorothy Neufeld
    Nov. 13, 2019 03:00PM PST
    Australia Investing

    Tapping into the world’s fifth largest pension market, Link will be providing financial technology for its 500,000 users in the UK.

    Link Administration Holdings (ASX:LNK), a financial technology firm has signed a strategic partnership with UK-based Smart Pension. Providing administrative services, Link will work with Smart Pensions 5000,000 members throughout auto enrolment and Smart Retire offerings, for example.

    As quoted in the press release:

    Smart Pension was launched in 2015 and has already established a presence in the rapidly growing UK auto enrolment market and corporate defined contribution market. Smart Pension currently has half a million members and 60,000 employers.

    Auto enrolment, similar to the superannuation guarantee legislated in Australia, has required all UK employers to automatically enrol their eligible workers into a pension scheme – replacing the previous ‘opt out’ system. The rollout of the reforms was completed in early 2018.

    Click here to read the full press release.

    australiaunited kingdomlink administration holdingsasx:lnksmart pension
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