Mattioli Woods acquires Lindley Group pension business
Mattioli Woods has acquired the pension administration business of Lindley Group for just under £0.2m.
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The wealth management and employee benefits business announced the deal on Monday, which is being funded from existing cash resources.
Lindley Group’s pension business provides trustee and administration services to over 130 small self-administered pension schemes (SSAS), with assets of over £116m under administration.
Mattioli Woods chief executive Ian Mattioli said the acquisition extends existing relationships with intermediaries like the Lindley Group.
“Mattioli Woods has proven to be a sound strategic partner with the expertise, scale and systems to give the very best self-invested personal pension (SIPP) and SSAS administration, delivering an enhanced service and long-term security for clients.
"With increasing complexity and continuing consolidation in both the SIPP and SSAS sectors, we anticipate there will be further opportunities to expand Mattioli Woods' pension administration business by acquisition, accelerating the group's growth."