ZEDRA has acquired pension trustee and governance services provider, PTL.
Founded in 1994, PTL acts for both defined contribution and defined benefit pension schemes, group life trusts and healthcare trusts.
This acquisition, which follows the acquisition of Inside Pensions in 2021, aims to bolster ZEDRA’s pension services in the UK and complements ZEDRA’s offering of support and governance services to the trustees of pension trusts by adding professional trustee services.
ZEDRA’s Pension Services now consists of five offices in London, Reading, Leeds, Birmingham and St Albans.
Ivo Hemelraad, CEO, ZEDRA, comments: “This deal further cements ZEDRA’s offering and capabilities, and is in line with our strategic approach to the UK market. We are expecting a very busy 2022 for our UK offices and I am confident that ZEDRA’s reputation in rendering an end-to-end service to private, corporates and alternative fund clients will go from strength to strength.”
Richard Butcher, managing director of PTL, says: “The acquisition further cements and consolidates PTL’s position in the market as one of the leaders in the outsourced pensions governance service space in the UK. It strengthens our clients and, importantly, offers even more opportunities to our people. It’s a very exciting time for us all.”
