Rebrand and Strategy Shift

Pensions fintech start-up PensionPay has been renamed Corduroy. The rebrand coincides with the arrival of new chief executive Steve Donelan, a former EY partner who took over the role in September following the departure of founder Duncan Rutherford. According to the company, the change marks a fundamental shift in strategy as the business builds a new decumulation app, which is targeted for launch in the second quarter of 2027.