Isio Group has completed its acquisition of Premier Pensions Management, following approval from the Financial Conduct Authority (FCA).

The acquisition, which was initially announced in September 2021, aims to enhance Isio’s existing actuarial consulting, investment advisory and pension administration services, as well as extending its offering to include employee benefits and wealth management.

As part of the agreement, Premier board members, Paul Couchman, Ian Gutteridge and Martin Thompson will join Isio’s leadership team with immediate effect.

Furthermore, although Premier founder and chair, Dai Smith, is retiring from the business, he will continue to act in a consultancy capacity during an integration period, alongside Premier Pensions CEO, Alastair Aird.

The addition of the Premier team will bring the total number of Isio Group employees across the UK to 800, with the Premier Croydon and Bristol sites also to be added to Isio Group’s existing network of eight offices.

Isio group chief executive, Andrew Coles, highlighted the acquisition as "a milestone next step in Isio’s journey", which will create "a UK wide team of experts offering guidance on navigating pension, employee benefits and wealth management needs".

He continued: “Our focus continues to be delivering the highest standard of work for Isio and Premier clients and providing a great working environment for our team.

"Premier’s offering and culture is hugely complementary and Dai Smith, Premier’s founder and chair, has created a special business and team that is very well respected in the market.

"It will be very much business as usual as we combine our expertise into this unique and comprehensive proposition.

“It’s been great to see the senior teams getting to know each other and share the enthusiasm and excitement about the wider range of services we can provide together to support the pensions, investment and wealth management industries whilst giving our combined team new opportunities to develop their careers.”

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