Global retirement technology provider Smart has selected Melbourne as the home of its Australian headquarters.
This means the company’s services are now available to pensioners across Australia.
The announcement follows the recent introduction of the retirement income covenant in Australia, which seeks to provide pension funds with greater flexibility in designing their retirement income strategies.
Andrew Evans and Will Wynne, co-founders of Smart, said: “We’re really excited to bring our technology to bear in Australia, creating jobs and bringing further innovation to one of the most mature retirement ecosystems on the planet. Our tech is based on over a million hours of research and development
“As part of that, we recently spoke to over 2,000 Australians and found that only 22% of those aged 55 and older feel like they understand their options at retirement.
“That’s where we come in. Our AI and guided navigation tools can be accessed by people 24 hours a day, 7 days a week, simplifying retirement savings and opening up huge amounts of value to people.”
Smart operates in the UK, the US, Europe, Australia and the Middle East.