Pension advisory firm acquired in £3.75m deal
A Manchester advisory firm specialising in pension schemes has been snapped up by AIM listed XPS Pensions Group for £3.75m.
Michael J Field Consulting Actuaries is a long-established firm advising on all aspects of small self-administered pension schemes (SSASs) and self-invested personal pension schemes (SIPPs).
Turnover for the year to 31 March 2021 was £1.9m and EBITDA was £400,000.
The acquisition will add to XPS’s existing capabilities and will enable XPS, one of the largest pure pensions consultancy in the UK, to expand the reach of its offering of to a wider base of clients and financial advisers.
The transaction is expected to complete in February 2022.
Paul Cuff, XPS Pensions Group Co-CEO, said: “We’re hugely excited to welcome the fantastic team from Michael J Field to join our growing business.
“Their expertise complements our strong and growing Self Invested Pensions business and will enable us to bring our offering of high-quality, tailored, great value SSASs and SIPPs to even more clients and financial advisers.”
