The London-listed investment trust is taking a stake in Smart as part of a £165m funding round, Sky News learns.
It is one of a number of fintechs to have sought to disrupt a pensions industry historically hamstrung by out-of-date technology and which was little understood by millions of consumers.
Last year, it struck deals for its platform to be deployed by the likes of Bank of Ireland's insurance arm, New Ireland Assurance, and the global insurance giant Zurich In aggregate, the global retirement market is said to be worth as much as $55trn of assets under management, making 'pensiontech' a fast-growing segment of the fintech industry.
Danmark Seneste Nyt, Danmark Overskrifter
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