Citywire printed articles sponsored by:

View the article online at http://citywire.co.uk/new-model-adviser/article/a639643

Broadstone buys UBS workplace advice business

by William Robins on Dec 04, 2012 at 09:56

Broadstone Pensions and Investments has acquired UBS Wealth Management’s corporate pensions business.

The UBS business provides general pensions’ consultancy advice to employers who operate defined contribution (DC) pension schemes.

Broadstone Pensions and Investments said typical schemes have between 100 and 1,500 members.

Broadstone Pensions and Investments already provides services for employers with DC schemes.

Last month it acquired corporate adviser Pope Anderson.

This is the second acquisition by Broadstone since it was bought by Oakley Capital in 2011.

Following the acquisition Broadstone was divided into national IFA Broadstone Pensions and Investments and Broadstone Corporate Benefits, a separate legal entity.

The six strong team led by Vanda Cox, will move top Broadstone Pensions and Investments offices.

Mark Howlett, (pictured) chief executive of Broadstone , said: ‘We look forward to welcoming the team from UBS on board. We believe we are well placed to provide clients with an excellent service as our corporate pensions business is one of Broadstone’s core service offerings.'