Edinburgh pension consultancy acquired – Business Insider
Independent Governance Group (IGG) has acquired IC Select.
Edinburgh-based IC Select specialises in helping trustee boards across the UK to select and monitor investment consultants and fiduciary managers, with a 16-year track record and more than 150 years of combined experience across its team.
IGG is a provider of professional pensions trusteeship and governance services, and stated that the deal will expand its range into the selection and oversight of investment consultants and fiduciary managers.
The IC Select brand will be retained, with managing director Peter Doward continuing to lead the company and founder Roger Brown also remaining with the business.
Dorward said: “We look forward to combining our talents and service offering with our new colleagues at IGG to add value and deliver good outcomes for clients and scheme members.
“Joining the IGG family gives us a unique platform to accelerate our growth strategy as part of a business with a clear vision, a first-class team and strong momentum behind it.”
Brown stated: “When I founded IC Select, it was with the sole purpose of helping trustees to achieve the best investment and fiduciary management for their scheme members to improve saver outcomes.
“That task has grown more important with every passing year, and I am delighted that IGG has recognised the strength of the proposition we have built.”
The acquisition also allows IGG to establish a new Scottish hub in Edinburgh, as part of its wider regional roll-out strategy.
The move rounds off a year of expansion for IGG, which acquired Clarity Trustees in February and Like Minds in May of 2023.
The group stated that it will continue to evaluate complementary acquisition opportunities this year.
Andrew Bradshaw, chief executive of IGG, commented: “A key part of any professional trustee’s role is the ability to effectively monitor their schemes’ investment performance – IC Select will enhance our ability to select and monitor investment consultants and fiduciary managers.”
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