Active wealth, global expansion and fund services specialist, ZEDRA, has acquired independent occupational pension scheme governance support provider, Inside Pensions, for an undisclosed sum.

The purchase was completed by ZEDRA with the aim of diversifying its service offering and expanding its business in the pension services space.

Inside Pensions was established in 2008 and provides a resource to assist trustee boards in the running of their pension scheme by ensuring compliant board administration and best practice governance.

ZEDRA said it believed Inside Pensions’ offering was “attractive” to trustee boards, as it allowed their focus to remain on their strategic responsibilities.

The acquisition will see Inside Pensions’ 39 staff members and its clients move to ZEDRA.

“We are delighted to further boost our presence in the UK by welcoming the employees and clients of Inside Pensions to ZEDRA,” commented ZEDRA CEO, Ivo Hemelraad.

“Inside Pensions has a strong reputation and a leading position in the outsourced pension trustee executive services market, which has significant barriers to entry.

“The unrivalled expertise and experience of the Inside Pensions team will considerably extend the level of support we can offer to our clients in the pension services space both in the UK and in other jurisdictions.”

Inside Pensions’ shareholders were advised on the transaction by Cavendish Corporate Finance.

Inside Pensions founder and chairman, Rita Powell, added: “Inside Pensions was born out of a market need for independent, professional support for pension trustees, separate from the sponsor, other advisers and service providers to ensure that there was no conflict of interest.

“The company’s independence enables it to work with and suggest a range of other consulting services, including actuarial, legal and investment advisory. 

“It has grown from a boutique business to the UK’s leading independent pensions executive support provider for UK occupational pension schemes. Being part of ZEDRA will enable Inside Pensions to continue to focus on excellent client service and offer a wider range of services to our clients.”

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