Jardine Lloyd Thompson strengthens Employee Benefits unit
Risk specialist and employee benefit consultant group Jardine Lloyd Thompson has completed the purchase of Alexander Forbes Consultants & Actuaries (AFCA), which will be integrated into its Employee Benefits (EB) division.
Risk specialist and employee benefit consultant group Jardine Lloyd Thompson has completed the purchase of Alexander Forbes Consultants & Actuaries (AFCA), which will be integrated into its Employee Benefits (EB) division.
The £17m purchase, first announced in October, is an attempt to enhance the company's ability to "respond to the changing demand of the UK employee benefits market", the firm said in October.
AFCA generated £27.8m of revenue in the year to March 31st.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Duncan Howorth, the Chief Executive Officer of the UK EB unit, said: "This acquisition brings together two employee benefits businesses with highly complementary client offerings that share a similar culture and level of ambition.
"This move further enhances JLT's ability to respond to the changing demands of the UK employee benefits market and to drive the sustained growth of its EB business."
-
Stop inheritance tax perk on pensions, says IFS
The government could raise billions of pounds in revenue by closing inheritance tax loopholes, such as on pensions and AIM shares. Is your pension at risk?
By Ruth Emery Published
-
Revealed: Best buy-to-let property hotspots in the UK
Looking for the best buy-to-let property locations in the UK? We reveal the top 10 postcodes with the strongest rental returns
By Oojal Dhanjal Published