UK digital bank Monzo is plotting a move into the pensions market, recruiting for a product manager to steer the bank's retirement proposition.
In brief:
-The new recruit will join Monzo's savings and investment team, a new unit that is guiding the bank's push into the more lucrative wealth management market.
-The new pensions product manager will "lead a multidisciplinary team to launch and scale Monzo’s pensions products", with a starting salary of between £75,000 - £100,000.
-The bank is exploring its options to push the dial on profitability and for expansion across Europe through a possible combination with a neobank with an established market share
What does this mean?
The successful candidate will be expected to define a long-term product strategy for the pensions business and collaborate with external partners to meet its aims.
