Smart Pension, a workplace pension provider, has launched three new sustainable lifestyle strategies with different growth fund options.
They include the Smart Sustainable Growth Core Fund, Smart Sustainable Growth Fund and Smart Sustainable Growth Plus Fund.
According to Smart Pension, the three growth funds fully invest in funds that positively contribute to the planet and society, including investing in areas such as renewable energy projects, clean water and healthcare.
Smart Pension claims it is the first UK pension provider to offer customers a range of lifestyle strategies that are all fully sustainable.
The firm said, “Retirement savers can now choose one of three Smart Pension funds, depending on how sustainable they want to be and how much they want to pay in charges. The Smart Sustainable Growth Fund is the default fund and members can flex up (Plus) or down (Core) in terms of sustainability and cost.”
The company added that it believes these new options are aligned to member views, having received feedback from members and employers.
Smart Pension chief investment officer Paul Bucksey said, “We have listened to our members and our employers and we are focused on giving them more choice over where their money is invested.
“They can now align their own values with their investments and make a positive impact on society and the planet, with the intention of not compromising on returns. We want to help our members secure long-term financial growth and a safer, healthier world in which they can retire.
“The pension industry has a golden opportunity to drive faster decarbonisation, by investing in businesses that are serious about cutting their carbon emissions. 100% of our flagship growth funds are now invested in sustainable funds and we expect these investments to play a key role in achieving our 2040 net zero target.”
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