The Andrews Labor government has attracted a world-leading provider of pension technology to Victoria, with its new Australian headquarters to provide more job opportunities to the state’s booming old – age pension sector.
The Minister for Economic Development, Tim Pallas, announced today in London the opening of the new smart Australian office – which strengthens the state’s fintech sector and delivers innovative savings solutions across the country.
With the establishment, the Australian Smart Office will create highly qualified jobs in several technology disciplines, mainly in the pension sector, to work with partners across Australia to offer pension savings and income solutions.
Smart technology, built on extensive research and development, drives pension savings for savers around the world by using proprietary apps, online access, Alexa and Google Home skills – making it as easy to manage retirement funds as it is to shop online or bank online .
The Labor Government International investment strategy attracts global organizations from emerging industries to secure skills, capabilities and technology that will drive long-term growth in the Victorian economy.
In 2019, Smart was named the UK Pensions Awards Master of the Year and Innovation of the Year in defined contribution categories, along with Retirement Innovation of the Year. Smart was also named European Pension Fund of the Year 2019 in the European Pension Awards.
Headquartered in London, Smart serves more than one million savers worldwide and is supported by investors including JP Morgan, Barclays, Legal & General Investment Management, Link Group and Chrysalis Investments.
Victoria’s technology sector contributes more than $ 38 billion to the economy annually and supports nearly 140,000 workers in 20,000 businesses.
As stated by Minister of Economic Development Tim Pallas
“This arrival of Smart shows that Victoria is a productive foundation for large global companies, and we will continue to create the conditions for companies to thrive and deliver more jobs.”
As stated by the Minister for Innovation, Medical Research and Digital Economy Jaala Pulford
“This is a further boost to skills in our world – class fintech sector and an opportunity for innovative Victorian companies to work with major global players in the industry.”
As stated by the co-founders of Smart, Andrew Evans and Will Wynne
“We are delighted to bring our retirement technology to Melbourne, the heart of Australia’s fast – growing fintech ecosystem, and bring further innovation to one of the most mature early retirement ecosystems on the planet.”
