State Street Global Advisors takes minority stake in PensionBee

The financing will be used to growth PensionBee's direct-to-consumer market in the UK. SSGA will also take a seat on the financial technology start-up's board. The pension consolidation platform said it would also expand its white-label product to offer its services to bank and life companies. It currently has partnerships with fellow fintech company Revolut and The Telegraph. PensionBee chief executive Romi Savova (pictured) said: "We are delighted to welcome SSGA as investors in our company. We share the same goals of making pension saving easier and better for everyone and look for...