Isio Group acquires Premier Pensions Management
British consultant Isio Group has agreed to acquire British adviser Premier Pensions Management, an Isio spokesperson confirmed on Friday.
Terms of the deal, which is Isio’s first acquisition since its launch in 2020, were not disclosed.
The transaction is subject to the approval of the Financial Conduct Authority. The spokeswoman said the company expects to receive approval within the next three to four months before the deal closes.
Isio is the former pension arm of KPMG and focuses on actuarial science, third party administration, investment advice and defined contribution advice. The acquisition of Premier will enhance its existing investment advisory, pension administration and actuarial advisory services while expanding its services to include employee benefits and wealth management, said Andrew Coles, CEO of Isio, in A press release.
When the deal closes, Isio Group absorbs Premier employees and has 800 employees in nine UK cities.
“The acquisition of Premier gives us the versatility to do just that, offering new and existing clients the full range of benefits advice, actuarial consulting services, as well as wealth management, financial advice and pension administration, ”Coles said in the statement. .
Alastair Aird, CEO of Premier, added in the statement: “Isio’s ambition, focus on people and culture, combined with his expertise and commitment to customers, is very much aligned with our own business. . … Together we see great opportunities to build a much stronger organization. “
Assets under advisement were not available.