Inside Pensions, which offers independent governance services to trustee boards, has been acquired by Zedra, a global specialist in active wealth and fund services.
This transaction is in line with Zedra’s stated aim to diversify its service offering and expand its presence in the UK pension services sector.
Inside Pensions was established in 2008 and provides resources to assist trustee boards to run their schemes efficiently and effectively, by ensuring compliant board administration and best practice governance.
The firm has a portfolio of blue-chip clients and operates from St. Albans, Hertfordshire.
With pension regulations becoming increasingly difficult to navigate for those without specific industry and regulatory knowledge, Zedra believes that the outsourced solution offered by Inside Pensions is attractive to any board of trustees.
It allows trustees to focus on their strategic responsibilities whilst remaining assured that their schemes follow best practices in governance and meet regulatory requirements.
The Inside Pension’s team brings a wealth of new experience and high-level expertise to Zedra’s dedicated team in Guernsey, that offers global clients employee benefits, pensions and associated administrative services.
The acquisition will increase Zedra’s presence in the UK market with a further 39 staff and follows the acquisition of Fitzgerald & Law in September last year.
Zedra chief executive Ivo Hemelraad says: “We are delighted to further boost our presence in the UK by welcoming the employees and clients of Inside Pensions to Zedra.
“Inside Pensions has a strong reputation and a leading position in the outsourced pension trustee executive services market, which has significant barriers to entry.
“The unrivalled expertise and experience of the Inside Pensions team will considerably extend the level of support we can offer to our clients in the pension services space both in the UK and in other jurisdictions.”
Rita Powell, chairman and founder at Inside Pensions adds: “Inside Pensions was born out of a market need for independent, professional support for pension trustees, separate from the sponsor, other advisors and service providers to ensure that there was no conflict of interest.
“The company’s independence enables it to work with and suggest a range of other consulting services, including actuarial, legal and investment advisory. It has grown from a boutique business to the UK’s leading independent pensions executive support provider for UK occupational pension schemes.
“Being part of Zedra will enable Inside Pensions to continue to focus on excellent client service and offer a wider range of services to our clients.”