Legal & General Investment Management ( LGIM ) has announced a strategic investment in Smart Pension to broaden its offering for small pension schemes funded through the auto - enrolment process . The asset manager has acquired a minority stake in the auto - enrolment start - up , which already exclusively uses pension funds . With the huge number of employers who still need to comply investment into solutions which work should be encouraged, as long as the solutions which are being invested in remain sustainable and continue to support the market over the longer term.” james.fernyhough@ft.com David Douglas , head of LGIM ’s defined contribution pensions division , will be appointed as a non - executive director of the new company .
Legal & General Investment Management ( LGIM ) has announced a strategic investment in Smart Pension to broaden its offering for small pension schemes funded through the auto - enrolment process . The asset manager has acquired a minority stake in the auto - enrolment start - up , which already exclusively uses pension funds . David Douglas , head of LGIM ’s defined contribution pensions division , will be appointed as a non - executive director of the new company .