HS Administrative Services has acquired Ascot Lloyd’s third-party administration book.
Liverpool-based HS Admin is a long-established third-party administration specialist, offering administration, consulting and employee benefit services to defined benefit, defined contribution and other occupational pension schemes.
It currently administers more than £3bn of DB/DC pension scheme assets and around £1bn of master trust assets.
In October 2010, HS Admin became part of Goddard Perry, a group of companies providing a diversified range of advice and products, spanning actuarial and pension administration services to online benefits and independent advice (IFA).
As part of the deal Ascot Lloyd’s Employee Benefits Division will move to Goddard Perry Employee Benefits Ltd.
HS Admin managing director Graham Hickling says: “We are delighted to welcome the staff from Ascot Lloyd as part of this acquisition and very much look forward to working with the Harrogate-based administration team.”
Gordon Kerr, Capital & Professional Group says: “The Ascot Lloyd Harrogate team has been a valued part of our business. HS Admin and Goddard Perry Employee Benefits have been working closely with Ascot Lloyd for some time, and have an excellent reputation. We’re confident both our staff and clients will benefit from being part of a larger specialist business, focused on providing leading third-party pensions administration, consulting and employee benefit services.”