Isio will overtake Buck and Capita in Professional Pensions’ ranking of pension consulting firms by UK revenue following its deal to buy Premier Pensions.
Isio announced this morning (24 September) it was to acquire Premier Pensions for an undisclosed sum - a move it said would allow it to offer "a broader spectrum of pensions and financial advisory services".
Isio's latest accounts show it had revenues of £41.2m in the seven trading months to 30 September 2020. Assuming its revenues are constant throughout the year, this would suggest its 12-month revenues would be in the region of £70m.
Premier Pensions reported revenues of £17.9m in the 12 months to 31 December last year.
The combined full year revenues of the two firms would be in the region of £88m - a number that would propel Isio above Buck and Capita to eighth place in PP's ranking of UK pension consulting firms.
See PP's list of consultants in full here: www.professionalpensions.com/news/3022658/-uks-biggest-pension-consulting-firms