With all that disruptive innovation and the need to rethink retirement and pensions in a disruptive world, the pensions industry is facing a massive challenge being hit by different interest groups. With the ageing population needing more sophisticated health care, people living longer beyond their savings, and the low investment returns, SMART Pensions is the only way to go. But how?

All stakeholders in the pensions market including the governments, pension funds managers and the insurance industry have to actively get together and stay connected to the speed of change. They have to find long-term comprehensive solutions that guarantee secure, viable and sustainable pensions. There is an urgent need to engage young millennials and senior citizens to ensure that pension schemes are relevant as genetics and technology add the twist to living longer with a stress on healthcare for the ageing population.