DWS Group completed the acquisition of a minority stake in Smart Pension.

DWS Group, an asset management firm, completed the acquisition of a minority stake in Smart Pension, a provider of a cloud-native, API-based technology platform. Financial terms were not disclosed. “We are looking forward to delivering on the opportunity to work with an innovative retiretech disruptor that is fast-growing and well-placed to compete both in the UK and global retirement market. Increasingly, defined contribution savers are seeking to diversify their returns across a broader range of asset classes, and we believe that DWS’ asset management capabilities across both private and listed markets means that we are ideally placed to meet their evolving needs,” Dirk Goergen, DWS Group Member of the Executive Board.