Scottish Widows and Aberdeen Allocate UK Workplace Pension Capital to Oxford Quantum Circuits and Quantum Motion via LTAF

UK workplace pension provider Scottish Widows and asset manager Aberdeen Investments have announced their inaugural capital deployments connecting defined-contribution (DC) retirement assets to venture-stage technology firms via the CG Scottish Widows Growth LTAF (Long-Term Asset Fund). Managed by intellectual property commercialization firm IP Group plc (LSE: IPO), the mandate establishes a patient domestic capital conduit for growth-stage deep tech, with hardware developers Oxford Quantum Circuits (OQC) and Quantum Motion anchoring the fund's initial quantum computing commitments.

The investment vehicle addresses constraints in the UK commercialization pipeline, where domestic hardware spin-outs requiring Series B and follow-on growth capital have historically relied on foreign investment or overseas listings. By integrating private equity holdings into default retirement schemes, the structure enables institutional savers to back capital-intensive hardware scaling. Alongside the two quantum hardware developers, the initial tranche allocates funding to battery technology developer Nyobolt and genomic medicine firm Genomics Limited.

The two hardware beneficiaries represent distinct physical modalities scaling within the UK ecosystem. Oxford Quantum Circuits isolates its qubit plane from parasitic cross-talk by routing control lines vertically in colocation data center racks, while Quantum Motion leverages commercial silicon manufacturing processes to produce high-density qubit arrays on standard semiconductor fabrication lines.

Official release statements and corporate transaction disclosures are accessible via the Scottish Widows Press Release here and the IP Group Announcement Portal here.

November 7, 2026