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Barnett Waddingham acquires Sipp provider

Barnett Waddingham has acquired Wirral-based Sipp and SSAS provider Harsant Pensions for an undisclosed sum.

The deal means Barnett Waddingham takes on 400 Sipp clients, taking its portfolio to over 2,725 schemes and more than £1bn in assets under administration . Its SSAS book is to grow by 70, to more than 2,100 schemes and £3.6bn in AUA.

As part of the deal, Barnett Waddingham also takes on the adminstration of some of Harsant’s defined benefit and defined contribution pension schemes.

Barnett Waddingham Sipp chief executive Julia Basset says: “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.”

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