Score of 82.5/100 qualifies for PaymentCheck Certification
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 24 | 66% | 33% | 1% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 30 days from dates of supplier invoice apart from contractors which is 14 days from invoice date. If the supplier invoice terms dictate anything different to the above, they are treated on an ad hoc basis.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
There is a dedicated email address for all invoices, statements and queries. This email address is constantly monitored and we aim to respond to a supplier query within 3 working days. This email address is on purchase orders and remittances. Next steps depend upon the nature of the query and would involve liaison with other departments as and when necessary.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Smart Pension Limited (company number 09026697) is confirmed as the UK-registered entity trading as Smart, a financial technology company operating the Smart Pension workplace master trust and Keystone technology platform. It focuses on retirement, savings and financial wellbeing, helping employers, scheme members and intermediaries manage workplace pensions and auto enrolment. The wider Smart group, backed by institutional investors, also develops technology used internationally by financial institutions, though the registered entity itself is described as the operator of the UK master trust. Investment management is carried out through partner fund managers rather than in-house. The company was founded in 2014, with its registered office in London.
Generated from the company's website and Companies House records. Sources: smart.co · smart.co · smart.co