Harbottle & Lewis has advised fintech company Smart Pension on its investment from and partnership with Legal & General Investment Management (LGIM). LGIM is one of Europe’s largest institutional asset managers and a major global investor.
Mark Zinkula, CEO of LGIM said: “In a short space of time, Smart Pension has built a powerful digital platform which has made auto enrolment scalable and affordable for employers and their employees with minimum cost and disruption, thereby making saving for the future achievable for more UK workers.”
Smart Pension co-founder and CEO, Andrew Evans, said: “According to the Department for Work and Pensions (DWP), from early 2019 the auto enrolment sector will generate £15bn in new pension savings every year, and Smart Pension has already established itself as one of the leading providers in the space since its launch.”
Tony Littner, Head of Harbottle & Lewis’ Startup and Venture Capital practice, commented: “We are delighted to have advised Smart Pension on its latest investment round, being a significant milestone for the company, and we are excited about the prospect of working with Andrew, Will and the team in the future.”
On working with Harbottle & Lewis, Andrew Evans said: “My company, Smart Pension, opened its doors to clients in May 2015 and within a year we had a number of FTSE100 companies looking to take investment in us. The start-up mentality that Smart Pension has vs the corporate structure of LGIM meant we required legal assistance that could operate comfortably between both environments. Tony Littner was great at getting across complex points in a clean and distilled way to me whilst protecting and enhancing the corporate structure for Smart Pension.”
The team advising Smart Pension was led by Tony Littner and included Felix Wong (corporate), Rebecca Collard (technology) and David Scott (tax).