Ross Trustees acquires CBC Pension Services

Ross Trustees has acquired Clark Benefit Consulting (CBC) Pension Services for an undisclosed sum.

The deal will see all of CBC Pension Services’ clients, ranging in size from £3m to £2.5bn in assets, join Ross Trustees’ portfolio.

CBC Pension Services owner and CEO, Michael Clark, will also join the Ross Trustees team.

Clark is a fully accredited professional trustee with more than three decades of experience and founded CBC Pension Services in 2012.

The acquisition marks the first by Ross Trustees since securing investment in 2020 from LDC and comes following a 25 per cent increase in revenue last year.

Ross Trustees CEO, Andrew Bradshaw, said he was delighted to welcome Clark and his clients to the professional trustee and services firm.

“I know our team will benefit greatly from his contribution and will be on hand to broaden and further strengthen the scheme secretarial and professional trustee services which his clients have come to rely on,” he continued.

“Our sustained organic growth has enabled us to establish a team with the breadth and expertise to meet the evolving needs of pension schemes.

“As the demands and pressures on pension schemes grow, Ross Trustees stands out as an attractive option for businesses like CBC Pension Services that need to manage the increasingly complex pensions landscape in order to satisfy their commitments to scheme members and the regulator.

“I’m looking forward to working closely with Michael, and our door is always open for similar businesses who share our commitment to collaborative working, diversity of thought, and service excellence.”

Clark added: “Having successfully grown CBC Pension Services over the last decade, I am delighted our clients will now benefit from the even wider resources, greater resilience, and deeper expertise that is on offer as we become part of Ross Trustees.

“It has been very important to me to find a home with the right values and ethos to safeguard and develop our trusted client relationships. Ross Trustees not only shares my passion for client-centricity, but also plays an active role in developing our profession and championing high standards across the industry.

“I have great respect for the Ross Trustees team, and I am hugely excited to work with them as we help businesses and pension schemes respond to the constantly changing pensions landscape.”

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