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JLT Group acquires HSBC Actuaries and Consultants Limited

Employee benefits firm JLT Group has acquired HSBC Actuaries and Consultants Limited.

HACL revenues were around £40m for the year ended December 31, 2008.

It has 440 employees and operates across six practice areas including trustee consultancy, corporate consultancy, administration services, defined contribution consultancy, investment consultancy and health and risk consultancy.

JLT UK employee benefits chief executive Duncan Howorth says: “This acquisition brings together two market leading employee benefit consultancies which have great synergy in both culture and client offerings. As a combined business we will be at the forefront of industry developments in all our principal areas of operations, defined benefit, defined contribution pension solutions and wider employee benefits services.”

HACL chief executive Richard Reid adds: “We are focused on ensuring that our customers continue to benefit from high quality service and financial solutions.

“The JLT Group is a market leader in the provision of pension solutions and wider employee benefits and we are now working together to ensure that all of our existing customers benefit seamlessly from our combined expertise.”

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