Zedra has acquired Clear Pen Solutions, a professional trustee service, increasing its footprint in the UK pensions services and corporate pensions market.
This is the latest acquisition by Zedra, which snapped up Inside Pension and PTL Governance last year and Caledonian Trustees earlier this year.
The owner and CEO of Clear Pen Solutions, Stephen Yandle is a professional trustee, with more than two decades of experience in this sector. All Clear Pen Solutions clients, which range in size from £250m to £6bn in assets, will join Zedra Governance.
Zedra CEO Ivo Hemelraad says: “As the UK regulatory system has become increasingly complex over recent years, so too has the challenge of running a pension scheme. It is no surprise that the number of pension schemes requiring additional support continues to grow. We recognised this some time ago and, over the last few years, have planned our expansion to ensure we were well equipped to support schemes in meeting these challenges head on.
“This deal further cements our offering and capabilities and is in line with the strategic approach we are adopting in the UK market, and the independent pensions trustee and governance sector specifically.
“As the demands and pressures on pension schemes grow, Zedra stands out as an attractive option for businesses like Clear Pen Solutions that need to manage the increasingly complex pensions landscape in order to satisfy their commitments to scheme members and the regulator.”
He adds that the company’s door “is always open” for similar businesses in this position.
Zedra Governance’s Kim Nash, who will shortly take over as MD, says: “Our sustained organic growth, combined with recent acquisitions, has enabled us to establish a team with the breadth and expertise to meet the evolving needs of pension schemes.”
Clear Pen Solutions CEO says: “Having successfully grown Clear Pen Solutions over the last decade, I am delighted our clients will now benefit from the wider resources, greater resilience and deeper expertise that is on offer as we become part of Zedra.
