Deloitte has acquired the business and assets of the pension scheme administration and actuarial consultancy arm of Kerr Henderson (Consultants and Actuaries) Limited.

The transaction was completed with the aim of growing Deloitte’s pensions business, following its acquisition of the portfolio of nearly 100 pension schemes from Legal & General’s final salary consulting business in 2017.

“We are pleased to be able to expand our pensions business and welcome 30 new colleagues from Kerr Henderson,” commented Deloitte UK pensions business head, Mark McClintock. “The Deloitte team have advised trustee clients for many years and we have been committed to growing this area further.

“Amid the economic impact of the pandemic, and with many changes affecting the pensions industry, the additional expertise will be invaluable in ensuring clients continue to receive the best service possible. In particular, the transaction boosts our pension scheme administration centre of excellence in Belfast, as part of our commitment to expanding our business in Northern Ireland.

“We will build on the high-quality service provided by Kerr Henderson (Consultants and Actuaries) and look forward to welcoming the team into our firm, and continuing to grow our business together.”

Kerr Henderson Group will continue to operate independently in providing the other financial services within its remit, including private client, workplace pensions, employee benefits and general insurance services.

Kerr Henderson Group CEO, John Kerr, added: “In choosing Deloitte to acquire our defined benefit business we identified similarities in culture, particularly around how we look after our clients and our people.

“We are delighted that our people will continue to deliver a high-quality service for our clients within Deloitte.”

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