Plans to double AUM this quarter
IN BRIEF:
Workplace pension provider Smart expects to hit £10.5bn in AUM by the end of June 2023
Total AUM figure includes funds which clients are investing in via its Keystone technology platform as well as its Smart Pension Master Trust customers
The latest round is led by private investment firm Aquiline Capital Partners, alongside existing investors Chrysalis Investments, Fidelity International Strategic Ventures, DWS, Barclays and Natixis Investment Managers
What does this mean?
“This is a $62 trillion global sector in the early stages of being disrupted, and we are uniquely positioned to take advantage of that,” said Evans and Wynne. “We have already reached scale and profitability in the UK, with Smart Pension now serving in excess of one million savers, and this backing allows us to achieve that scale and profitability in our global markets across the group.”
