Former KPMG UK Pension Shop Buys Premier Pensions Management
Posted on 09/25/2021
U.K. consultant Isio Group is accounting giant KPMG’s former UK pensions practice. Isio Group signed a deal to buy U.K. adviser Premier Pensions Management Limited. This is Isio’s first acquisition since it was launched in March 2020. The transaction is subject to approval by the U.K. Financial Conduct Authority. Post-transaction, Isio Group will absorb Premier Pensions Management employees and have 800 staffers across nine U.K. cities.
According to Premier Pensions Management’s 2020 annual report, revenue was 17.9 million GBP. Around 70% of the Premier Pensions Management’s revenue was from retained long-term contracts.
