Willis Completes Acquisition of IFG Ireland for Human Capital & Benefits

Willis Ireland, part of Willis Group Holdings plc, announced it has received the relevant regulatory approvals and has completed its acquisition of a range of Irish pension and financial advisory businesses from IFG Group plc.

“The investment augments and supports Willis Ireland’s existing pensions business and its financial and wealth-planning services to individuals,” the bulletin explained. “It also underscores Willis’s commitment to growing its global Human Capital and Benefits practice.
The deal brings more than 100 people from the highly-respected, award-winning IFG Ireland pension and financial advisory businesses into Willis Ireland, which will also benefit from industry-leading platforms and technology focused on defined contribution pensions.”

The companies acquired from IFG Group plc are the following:
– IFG Pensco Ltd, a leading pensions consultancy and administration business
– Retirement Strategies Ltd and IFG Private Clients Ltd, both financial advisory companies
– Planlife Trustee Services Ltd, a professional trustee company
– Trade Credit Brokers Ltd, a trade credit broking business

Tim Wright, CEO of Willis International, and leader of Willis’s global Human Capital and Benefits practice, said: “This is the latest in an exciting series of acquisitions this year to grow and develop our Human Capital and Benefits practice globally. The Irish market holds a lot of potential and we see a growing interest among both clients and prospects in retirement and wealth planning.”

Gary Owens, Managing Director of the combined Pension and Human Capital and Benefits business of Willis Ireland, and formerly IFG Group Director and CEO of IFG Ireland, added: “The integration of IFG Ireland and Willis Human Capital Ireland puts the business in a strong position in the Irish market. The combined business will have the global strength and local expertise to provide fresh solutions for customers in both the defined benefit and contribution markets.”

Source: Willis Group Holdings plc

Topics Mergers & Acquisitions