Broadstone Group has acquired the clients of Charterhouse Consultancy, an independent pensions administration company specialising in smaller trust-based occupational pension schemes.

Broadstone stated that the move would strengthen its position in the marketplace and that the acquisition underlined its “commitment and offering” to the smaller schemes market.

Charterhouse offers record keeping, benefit calculation, accounting and payroll services for defined benefit and defined contribution schemes.

Its clients will join Broadstone’s team in Glasgow, which has a smaller-scheme focus.

Broadstone director and head of pensions administration, Paul Bowden, commented: “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.”

Broadstone director and head of consulting and actuarial, Nigel Jones, added: “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.”

Share Story: