Just Group acquires majority in Corinthian Pension Consulting

Written by Sunniva Kolostyak

Just Group has acquired a 75 per cent shareholding in the holding company of Corinthian Pension Consulting in a bid to run bulk member option exercises.

Corinthian Pension Consulting specialises in advisory services to defined benefit scheme trustees and bulk scheme exercises. Its services complement Just Group’s group of businesses trading under the recently launched Hub Financial Solutions.

Just Group manages over £15bn of retirement savings and specialises in individual retirement income, care and defined benefit de-risking.

Corinthian Pension Consulting managing director Robert MacGregor will continue to lead the company as its CEO.

In a statement, MacGregor said: “We’ve worked closely with Just Group’s new fintech business, HUB Pension Solutions, and that’s why we’re entirely confident becoming part of the group is a positive move for us and our clients.”

“Bulk scheme exercises are challenging from both a technical and advisory perspective – so it’s vital to choose the right business partners if you’re to get the best outcome for trustees and their members,” he said.

The remaining 25 per cent of the stake will be retained by the existing shareholders. Corinthian Pension Consulting has been in the market more than 12 years, in which time it has advised over 100,000 members in over 70 scheme exercises. It will become an authorised representative of Hub Financial Solutions.

Hub Companies chief executive David Cooper, said: “We will invest to help the management team develop the business and grow awareness of their reputation for outstanding advisory and client services.”

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