Pensions - Articles - Barnett Waddingham acquires Harsant Pensions

 Barnett Waddingham has announced that it has purchased Harsant Services Ltd (Harsant Pensions) for an undisclosed figure, in a deal which will see the firm add more than 400 SIPP and 70 SSAS clients to its existing book of business.

 This acquisition of Wirral-based Harsant Pensions sees Barnett Waddingham’s SIPP portfolio increase to more than 2,725 schemes representing over £1bn assets under administration (AUA), while the firm’s SSAS portfolio will grow to more than 2,100 schemes with more than £3.6bn AUA. The deal will also see Barnett Waddingham take over the administration of a number of defined benefit and defined contribution schemes previously serviced by Harsant Pensions.

 Julia Bassett, CEO, BWSIPP said: “We are excited to welcome the Harsant Pensions team and its clients and advisers to Barnett Waddingham. The acquisition of Harsant Pensions is very much a part of our gradual and considered growth strategy. Harsant Pensions and Barnett Waddingham have previously worked together and so this deal is very much a natural fit for us and our long term business goals.”