Broadstone Group, one of the UK’s leading employee benefits and pensions consulting businesses, has acquired the clients of Charterhouse Consultancy, an independent pensions administration company specialising in smaller trust-based occupational pension schemes. As well as strengthening Broadstone’s position in the marketplace as a whole, the acquisition also underlines Broadstone’s commitment and offering to the smaller schemes market.
Commenting on the acquisition, Nigel Jones, Director, Head of Consulting and Actuarial at Broadstone said: “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.”
The Charterhouse clients will slot into Broadstone’s rapidly expanding team in Glasgow which has a smaller-scheme focus. Paul Bowden, Director, Head of Pensions Administration at Broadstone confirmed that “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.”
Founded more than 20 years ago, Charterhouse Consultancy offers a full range of record keeping, benefit calculation, accounting and payroll services for defined benefit and defined contribution schemes, the majority of which have been clients for over 15 years.