Pi Trustees has acquired Fairfield Trustees in a bid to expand its business and increase its geographical coverage.
Pi head of trusteeship Roger Cooper said: "This acquisition complements our existing trustee company, increases our geographical coverage and demonstrates our commitment to the independent trustee market."
Cooper added: "We have no doubt that the integrity and highest possible standards of professionalism demonstrated by Fairfield as trustees will make Jennie Croxall and Sarah Marshall invaluable additions to the Pi team."
Pi Trustees said Robert Garvin would assist with the changes and remain with the business for a short while following the deal.
Fairfield Pension Trustees traces its roots to 1991 when Robert Garvin founded Garvin Trustees.
Initially Garvin Trustees Limited formed part of Garvins Consulting Actuaries which was acquired by Barnett Waddingham in 2008. Garvin Trustees continued as an independent company wholly owned by Barnett Waddingham until 2012 when the trustee business was hived off to form Hanover Independent Trustees.
Hanover Independent Trustees was renamed Fairfield Pension Trustees Limited in 2016.
In this week’s Pensions Buzz, we want to know if more schemes should follow Universities Superannuation Scheme (USS) in divesting from companies with significant involvement with tobacco manufacturing, thermal coal mining, and the production of controversial...
Three accounting bodies have published specific Covid-19 guidance for the compilation of pension scheme accounts, recognising that “it can’t be business as usual”.
In this live blog, Professional Pensions brings together all the latest news on the industry's response to the coronavirus pandemic, as well as regulatory and legal updates.
A new tracker launched by XPS Pensions Group predicts Covid-19 related deaths for the UK are now at or close to 50,000.
Employers will be required to pay a proportion of furloughed staff costs from August, Rishi Sunak has announced today.