Isio Group has completed its acquisition of Premier Pensions Management.
Isio says the acquisition will expand its existing services of actuarial consulting, investment advisory, pensions administration, and wider savings advisory, while also adding employee benefits and wealth management.
The teams will now be brought together, with Premier’s previous board members Paul Couchman, Ian Gutteridge, and Martin Thompson joining Isio’s leadership team immediately. Premier founder and chair Dai Smith will retire from the company but will continue to consult with Premier’s CEO Alastair Aird during the integration period.
Isio will add Premier’s Croydon and Bristol offices to its existing network of eight offices, bringing the total number of Isio employees in the UK to 800.
Isio chief executive Andrew Coles says: “This is a milestone next step in Isio’s journey, and we are excited to bring the two complementary businesses together to create a UK wide team of experts offering guidance on navigating pension, employee benefits and wealth management needs.
“Our focus continues to be delivering the highest standard of work for Isio and Premier clients and providing a great working environment for our team. Premier’s offering and culture is hugely complementary and Dai Smith, Premier’s Founder and Chair, has created a special business and team that is very well respected in the market. It will be very much business as usual as we combine our expertise into this unique and comprehensive proposition.
“It’s been great to see the senior teams getting to know each other and share the enthusiasm and excitement about the wider range of services we can provide together to support the pensions, investment and wealth management industries whilst giving our combined team new opportunities to develop their careers.”
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