Smart Pension appoints new Trustee Chair as it forecasts £10bn AUM next year

Raj Mody is appointed to Chair of the Trustee Board as it moves into its next chapter of growth

Raj Mody is appointed to Chair of the Trustee Board as it moves into its next chapter of growth

14 July, London. Smart Pension, one of the UK’s leading workplace pension providers, has appointed Raj Mody as a Trustee Director of the Smart Pension Master Trust Board, taking on the role of Chairman from 1 September 2025. Raj brings  a wealth of experience in the pensions industry, spanning investment strategy, defined contribution (DC) pensions, and scheme governance.

Raj has held numerous senior executive and non-executive positions over his 30-year career incorporating technology, policy and governance. This includes Global Head of Retirement & Pensions, and Head of UK Pensions, at PwC. He brings an extensive understanding of the role of technology in global retirement provision, having previously led the launch of PwC’s proprietary pensions analytics technology.

Raj is a Fellow of the Institute and Faculty of Actuaries, an established media commentator, and has been voted one of the top twenty most influential figures within the pensions industry.  Raj will be taking over from Andy Chesledine, who is stepping down after eight years as Chair. ‍

Raj Mody, Chair of the Smart Pension Master Trust Board, said:

“It is a privilege to be appointed Chair of Smart Pension’s Master Trust Board. Over the course of my career, I have seen first-hand the role technology can play in helping deliver long-term value for savers across the world. I look forward to supporting Smart Pension in its ongoing ambitions to innovate and improve retirement outcomes for its growing membership.” ‍

Jamie Fiveash, CEO at Smart UK, said:

“We’re proud to welcome Raj to the Trustee Board. His expertise is unmatched and reflects our commitment to strengthening governance as we scale. With Raj’s board leadership and deep investment knowledge, we will be able to continue delivering outstanding outcomes for members. One of Raj’s initial priorities will be overseeing current acquisitions and new business which will take the Trust to £10bn assets by the end of next year. This, alongside a rapidly changing and consolidating market, makes us incredibly excited for the years ahead.

“Throughout Andy’s tenure, he has steered the scheme through some key milestones, such as our regulatory authorisation from The Pensions Regulator in 2019. Andy is one of the true leaders in our industry and I’m tremendously grateful to him for his stewardship and years of work with the Smart Pension Master Trust Board and wider team at Smart Pension.”

Andy Cheseldine, outgoing Chair of the Board of Trustees, said:

“It has been an honour to serve as Chair of the Trustee Board for over eight years. Throughout this time I am confident we have delivered long-term value for Smart Pension members and provided stewardship during unprecedented events. I’m confident that the Smart Pension Master Trust will continue to grow, building on its cutting-edge technology offering to deliver greater scale and value to provide market-leading outcomes for its members.”

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