Cooper Parry offloads pensions arm
Who?
Mattioli Woods, the Leicester pensions consultancy.
Did what?
Bought the pension administration and employee benefits businesses of Cooper Parry Wealth Strategies.
How much?
£1.2m.
What does this mean?
CP Pensions provides pensions consultancy and administration services to a portfolio of 239 self-invested personal pension clients and 51 small self-administered pension schemes, with total funds under trusteeship of over £110m. CP Pensions also provides employee benefits services to 30 corporate clients.
Insider comment:
Mattioli Woods clearly feels that the acquisition will strengthen its position in an industry where demand will continue to grow. Bob Woods, executive chairman, said: "I am delighted to announce our acquisition of CP Pensions. Cooper Parry is a highly-regarded independent business advisory firm with operations in the Midlands and London."
"Mattioli Woods is renowned for its technical excellence, as recently evidenced by our appointment as agent to PricewaterhouseCoopers in its capacity as liquidator of the Freedom SIPP Limited. We expect demand for bespoke pensions consultancy and administration in the SSAS and SIPP market to continue to grow. Expanding our presence by acquisition continues to be an important element of our strategy to capitalise on this."
