Mon, 10 Feb 2025 | BUSINESS SALE
WBR Group, the UK's largest independent provider of SSAS services, and tax experts has bought Censeo Actuaries & Consultants Limited for an undisclosed sum.
Salisbury and London-based Censeo Actuaries & Consultants Limited is an independent actuarial and pensions consultancy, incorporated in 2004. It provides actuarial, investment and pensions consultancy services, as well as full administration and treasury services, for smaller pension schemes.
It will be rebranded as WBR Actuarial Limited on 1 April this year, with the actuarial business becoming a separate legal entity wholly owned by WBR Group.
WBR Group said the deal continues its strategy of growing through acquisition and diversification, "enhancing its expertise and expanding its service offerings".
It said that WBR Actuarial Limited will provide clients with a comprehensive range of services, including: SSAS and DBSSAS actuarial services; full services for 'smaller' defined benefit pension schemes (generally fewer than 1,500 members or under £50 million in invested assets); pensions administration and treasury; scheme actuary services; investment consultancy; pensions consultancy; trustee training; funeral plan trusts; and pensions on divorce.
Three qualified actuaries, including Managing Director Gail Higgins, will join WBR Actuarial Limited, forming a team of nine professionals including five Chartered Actuaries, operating out of the WBR Group office in Salisbury.
David Downie, Managing Director – SSAS and Actuarial of WBR Group, said: "We are thrilled to see Censeo and its team join the WBR Group. This is an exciting new chapter for us and we will continue to grow our presence in the actuarial sector. Gail and her team bring a wealth of experience to the group, enabling us to continue providing excellent service to both current and new clients."
Higgins added: "Having spent over 40 years in the profession, the last 20 running Censeo, I have been privileged to work with a range of loyal clients and staff. I am confident that this acquisition aligns with our ethos and is the right fit for the business. The entire Censeo team remains committed to providing exceptional personal service to our clients and everyone is excited to become part of the WBR Group."
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