Finance
JPMorgan buys UK pensions technology firm WealthOS, memo shows
Published by Global Banking & Finance Review®
Posted on January 22, 2026
2 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 22, 2026
2 min readLast updated: January 22, 2026
JPMorgan Chase acquires UK-based WealthOS to enhance its pensions technology, aiming to meet growing demand for retirement planning.
Jan 22 (Reuters) - U.S. banking giant JPMorgan Chase has closed a deal to buy UK-based pensions technology platform WealthOS, according to an internal memo seen by Reuters on Thursday.
The acquisition will deepen the bank's footprint in pensions, positioning it to tap demand for retirement planning products as customers seek predictable income in later life.
Founded in 2019, WealthOS runs a technology-focused wealth management platform with a workforce in the UK and Sri Lanka, all of whom will join JPMorgan, the memo sent by Edmund Cohen, head of pensions and wealth products at the bank, said.
J.P. Morgan Personal Investing plans to use the technology capabilities of WealthOS to enhance its pensions offering, the memo added.
Private banking is a large and competitive market in the UK, shaped by the country's role as a global financial centre and home to a high concentration of wealthy individuals, family offices and international investors.
Demand has been supported by an ageing population, rising cross-border wealth flows and a growing need for advice on succession, tax and retirement planning, making the segment a steady source of fee income for banks and asset managers.
(Reporting by Manya Saini in Bengaluru; Editing by Alan Barona)
A pension is a retirement plan that provides a regular income to individuals after they retire, typically funded by contributions from the employee and employer during their working life.
Retirement planning is the process of determining retirement income goals and the actions and decisions necessary to achieve those goals, including savings and investment strategies.
A technology platform is a foundation or environment that enables the development and deployment of software applications, often providing tools and services for developers.
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