Isio Group has completed its acquisition of K3 Advisory, the insurance and risk settlement specialist, having received regulatory approval.
Isio handled transactions worth between £1 million to £1 billion in 2024 while collaborating with all 10 bulk annuity insurers. Isio and K3 managed about 20 per cent of all risk settlement agreements during a market-record year.
K3, which was established by Adam Davis in 2018 and specialises in small to medium-sized pension schemes, has closed almost 100 deals, involving thousands of members and £2 billion in assets.
Isio partner Steve Robinson says: “We are very excited to have the K3 team officially on board and are looking forward to working with them to broaden the risk settlement services we offer to pension schemes and insurers. With the increased capacity and scale, we will serve more clients with a greater range of services.”
Isio K3 lead and partner Adam Davis says: “We have enjoyed strong success over the past six years and are now in a position to grow to the next level as part of Isio. With so many defined benefit pension funds in stronger funding positions, there has never been a better time for them to start thinking about the endgame. We will now be able to do even more to support schemes in this important phase.”
