Broadstone Group has acquired the clients of Charterhouse Consultancy, an independent pensions administration company specialising in smaller trust-based occupational pension schemes.
Broadstone says the acquisition underlines its commitment and offering to the smaller schemes market.
Charterhouse Consultancy, which was founded more than 20 years ago, provides a range of record-keeping, benefit calculation, accounting, and payroll services for defined benefit and defined contribution plans, the majority of which have been clients for more than 15 years.
The Charterhouse clients will be assigned to Broadstone’s Glasgow team, which specialises in smaller projects.
Broadstone director and head of consulting and actuarial Nigel Jones says: ”In order to maintain our leading position in the employee benefits and pensions consulting sector, we are absolutely committed to a programme of organic and acquisitive growth and will continue to invest in the best possible people and processes. That is why we are delighted to have acquired the Charterhouse Consultancy book of clients. We already work with several of Charterhouse’s actuarial clients, so this acquisition is a very natural step for us. I look forward to exploring some exciting opportunities with the Charterhouse team.”
Broadstone director and head of pensions administration Paul Bowden says: “The addition creates exciting opportunities for our Glasgow colleagues as we grow all of our service lines there offering great value for money for smaller schemes. This naturally complements several of our larger administration sites where we continue to focus on more substantive pension arrangements.”
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