Just Group acquires majority stake in DB advice firm

Just says the acquisition will complement its recently launched HUB Pension Solutions, which focus on delivering corporate solutions to employee benefit consultants, financial advisers, pension schemes, other UK businesses and to their members, customers and clients.

David Cooper, chief executive of HUB companies, said: “This is exciting news for our business. Corinthian Pension Consulting’s depth and breadth of expertise in providing professional advisory services to DB trustees is well recognised and we welcome the expertise and capability they bring to our Group. We will invest to help the management team develop the business and grow awareness of their reputation for outstanding advisory and client services.

“Our acquisition of Corinthian Pension Consulting complements our recent investment in building our new business HUB Pension Solutions.”

Robert MacGregor, managing director of Corinthian Pension Consulting, commented: “We’ve been in this market for more than 12 years – in that time we’ve advised over 100,000 members in 70-plus scheme exercises. We’re now seeing unprecedented demand for our services and that’s why we believe becoming part of Just Group makes such good sense.

“Bulk scheme exercises are challenging from both a technical and advisory perspective – so it’s vital to choose the right business partners if you’re to get the best outcome for trustees and their members. We’ve worked closely with Just Group’s new fintech business, HUB Pension Solutions, and that’s why we’re entirely confident becoming part of the group is a positive move for us and our clients.”