KPMG has announced three senior hires in its investment advisory team as the firm sets up an investment advisory practice in Bristol.
The Bristol practice will advise clients including pension schemes and other long-term investors on strategically investing their assets.
The professional service firm has hired George Fowler as a partner. He joins from Mercer and will focus on larger UK pension schemes.
Paula Champion has been hired as director, having also joined from Mercer. She will focus on mid-sized schemes along the M4 corridor while supporting KPMG's Birmingham-based pensions business.
In addition, KPMG has appointed Matt Flower as UK sales leader. He previously worked at Mercer and will be focusing on business development at a national level.
These appointments are the first of many as the demand from clients increases.
KPMG partner and UK head of pensions Andrew Coles said: "We have seen significant growth of our team revenues in the past year. These senior appointments of well-known and highly respected advisers will add to our already strong capability in providing investment advisory services."
Partner and investment advisory Nick Evans said: "The CMA review and proposed remedies will mean that demand for strong independent advice will continue, in particular from pension fund trustees."
He added: "Whether it is traditional trustee advisor, helping clients monitor fiduciary management services or advising other long term asset holders such as charities and ultra-high net worth investors, we can offer a full range of investment advisory services."
This week's top stories included the Department for Work and Pensions issuing two separate consultations on the pensions dashboard and defined benefit consolidation.
A regime similar to that for defined contribution (DC) master trusts will be set up for regulating defined benefit (DB) consolidators under plans announced today.
Defined benefit (DB) superfunds that wish to enter the market must talk to The Pensions Regulator (TPR) about their plans before opening for business.