Zedra has announced the acquisition of two professional independent trustee firms, AAA Trustee Limited and Trustee Matters Limited (TML).
Following the acquisition, AAA and TML will sit alongside and report through Zedra Governance Limited (formerly PTL), with plans for the firms be fully integrated under the Zedra brand in due course.
The deal is the latest in a number of recent acquisitions by Zedra, including those of Caledonian Trustees and Clear Pen Solutions earlier this year, as well as Inside Pensions and PTL in 2021.
Commenting on the news, Zedra Governance managing director, Kim Nash, said: “We recognised some time ago the increasingly complex regulatory demands and pressures on pension schemes, which require ever greater support.
“With this new acquisition and AAA’s and TML’s excellent reputation, we continue our expansion as a leader in the outsourced pensions services space in the UK.
"The AAA and TML team has an outstanding client base. We look forward to welcoming them and offering them the first-class service they expect.”
AAA director, Andrew Wadley, added: “The evolution of the UK pensions industry is going to continue to accelerate. We want to ensure that we continue to offer our clients the innovative service they expect and continue to evolve ourselves as a business.
“We want to reflect the ambitious visions our clients have for their pension schemes. We have found in Zedra the perfect partner to do this, as their values and approach to business are so closely aligned to our own. Their team has a great reputation and I have no doubt that this will be a good cultural fit for both our team and our clients.”
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