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SBJ buys pension business

SBJ Group has bought the corporate group pension scheme business of private bank Brown Shipley.

The business will be incorporated into SBJ Benefit Consultants, which is an actuarial, employee benefit and financial planning consultancy with six offices throughout the UK and ann-ual revenue of over 20m.

The move follows Brown Shipley’s decision to focus its pension expertise on self-administered pension schemes for private clients. These account for the large majority of its pension business and are part of its wealth management services for high-net-worth clients.

SBJ chief executive George Boden says: “We have invested heavily in new technology and this will enable us to offer a wider range of services, including flexible benefits and consultancy services.”

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