Professional Pensions rounds up some of the latest news from two major pension consulting firms.
LCP partners and Charterhouse buy out Inflexion minority stake
Lane Clark & Peacock (LCP) partners are set to own a larger stake in the firm after buying out Inflexion Private Equity's minority stake with the support of Charterhouse Capital Partners.
The deal value was not disclosed, although Sky News reported that the transaction would value the consultancy at more than £300m, which would represent considerable growth for the business.
Barnett Waddingham posts 9% rise in revenues to break £100m turnover milestone
Barnett Waddingham has published its annual report and accounts, revealing a 9% rise in revenues to £107.9m and a 5% increase in pre-tax profits to £29.7m in the year to 31 May.
The consultant - whose headcount now stands at 1,286 people in eight offices - said it had remained profitable in all four quarters despite the pandemic, noting the story of its year had been one of "resilience".
Barnett Waddingham's results come after Lane Clark & Peacock (LCP), XPS Pensions Group, and Hymans Robertson revealed their revenues in the year to 31 March 2020.
LCP posted a 10.1% rise in turnover to £126.5m; XPS Pensions showed a 9% increase in revenues to £119.8m and Hymans Robertson revealed a 12.5% rise in turnover to £96m.
