ZEDRA has announced the launch of a new pensions-focused offering, Pensions & Incentives.

The specialist in active wealth, corporate and global expansion, and fund solutions announced its expansion into pensions and incentives because the UK pension trustee and governance services sector is "undergoing significant changes and facing challenges that will require both dedicated effort and investment from long-term owners". As the regulatory system has become increasingly complex over recent years, so has the challenge of running a pension scheme for employers and trustees alike, it stated.

As the number of pension schemes requiring support is expected to continue to grow for the foreseeable future, due to significantly increased regulatory and compliance burdens, a focus on end game strategies that benefit from professional trustee knowledge and understanding, and a lack of available company or member nominated trustees, ZEDRA aims to meet these needs with its new offering.

By entering the pension services industry now, ZEDRA also hopes to strengthen its 20 years of presence in the employee incentive solutions and pension services space.

ZEDRA Pensions & Incentives Services will consist of six offices in London, Reading, Leeds, Birmingham, St Albans, and Guernsey and is made up of around 80 specialists.

The announcement followed several recent acquisitions in the UK pension services space by ZEDRA, a specialist in active wealth, corporate and global expansion, and fund solutions, including Inside Pensions, an occupational pension scheme governance support provider, PTL, an independent pension trustee and governance services provider and, most recently, Caledonian Trustees Limited, a provider of professional independent trustee and secretarial services.

As the new offering goes live, PTL Limited has adopted the ZEDRA brand and become ZEDRA Governance Limited.

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