Isio has acquired Premier Pensions, a Croydon-based pensions consultancy. The deal will lead to the creation of a firm offering both advice and pensions administration services.
Chief executive of Isio Group, Andrew Coles, commented:
“The UK’s pensions industry is undergoing a significant revolution. Innovative thinking and new ways of managing employer pension responsibilities, employee benefits and individuals’ wealth are required for the future of the UK’s financial services industry.
“Acquiring Premier gives us the versatility to do this by offering new and existing clients the full spectrum of employee benefits advice, actuarial consulting services, as well as wealth management and financial advisory and pension administration services.”
Premier chief executive Alastair Aird added: “We look forward to working with the team at Isio to bring the two companies together. The deal will create a unique position in the market as an agile, fast paced and complete pension, employee benefit and wealth adviser able to service the whole of the market.”
Isio, which launched following the sale of KPMG’s pensions arm to PE firm Exponent, has offices in eight of the UK’s major cities, including London, Birmingham, Manchester, Bristol and Edinburgh. Following the completion of the acquisition, the new blended company will employ 800 members of staff. It is also expecting annual revenues upwards of £100m.
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