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Mattioli Woods plc, the specialist wealth management and employee benefits business, is pleased to announce it has acquired the pension administration business of the Lindley Group. The acquisition comprises the pension administration business of Lindley Group and 100% of the share capital of Lindley Trustees Limited (together “the Pension Business”) from Lindley Group.
Founded in 1979, the Pension Business provides trustee and administration services to over 130 small self-administered pension (“SSAS”) schemes, with assets under administration of over £116 million.
Preston based pension firm Taylor Patterson, a recent addition to the Mattioli Woods Group, is looking forward to administering the “Pension Business” from its Preston office.
Gillian Bardin, director at the Preston office, commented:
“This acquisition demonstrates the commitment and desire that Mattioli Woods have in strengthening our position in the North West. It is more great news for the North-West region, as it is an excellent opportunity for us to expand our division, with our experienced SIPP and SSAS team continuing to deliver our quality service to our new and existing clients here in Preston”. Ian Mattioli, Chief Executive of Mattioli Woods, added:
“This acquisition extends the existing relationships we have with intermediaries like the Lindley Group, where Mattioli Woods has proven to be a sound strategic partner with the expertise, scale and systems to give the very best SIPP and SSAS administration, delivering an enhanced service and long-term security for clients.
“With increasing complexity and continuing consolidation in both the SIPP and SSAS sectors, we anticipate there will be further opportunities to expand Mattioli Woods’ pension administration business by acquisition, accelerating the Group’s growth.”