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Alexander Forbes snaps up The Bureaux

Corporate pension IFA Alexander Forbes Financial Services has acquired The Bureau, the holding company of The Annuity Bureau and other specialist IFAs.

In a bid to strengthen its position in the annuity broking market, AFFS has bought TAB for an undisclosed amount, bringing under its umbrella The Drawdown Bureau, The Care Funding Bureau and The Investors Bureau.

AFFS managing director Tim Morgan says: “This is a great deal for both companies. The Annuity Bureau has long been recognised as the leading specialist in annuity broking, income drawdown and care funding advice.”

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