IRELAND - Consulting firm Hewitt Bacon & Woodrow has acquired Becketts, a specialist Irish employee benefits consultancy.
No further details were given.
Becketts, established in 1989, will now trade as Hewitt & Becketts and will be led by Kieran Barry, managing drector. It will operate from the existing premises of HB&W in Dublin and Becketts in Cork.
Commenting on the merger, Rachael Ingle, director of HB&W, said: Our two businesses are highly complementary and this integration brings natural synergies.“
“A larger business will allow us to compete more aggressively in the Irish pensions consultancy market but our focus will continue, as always, to be on the quality of service afforded to our clients. This we see as our key point of differentiation.
Kieran Barry, managing director of Becketts, said: The new business will enable clients to benefit from the resources of a global firm, combined with a strong, personalised and committed approach in Ireland.
“Our ambition for the business going forward is to become the provider of choice for organisations on all matters relating to pensions, investment and human resource consulting.”
Personal financial planning advisory services will continue to be provided by Becketts.
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.