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Thinc Group buys employee benefits consultancy PIFC

Thinc Group has acquired HR and employee benefits consultancy PIFC Consulting marking its first move into the corporate benefits market.

Thinc Group says PIFC Consulting has a strong fee based remuneration model and an impressive reputation for providing benefit solutions in the financial services, media, legal, insurance and IT sectors.

It has not disclosed how much it paid for the business.

Thinc Group chief executive John Simmonds says: “This is an important acquisition for Thinc Group. PIFC is a well run, profitable business with an excellent reputation in the corporate market, making it a valuable addition to the Group.

“Our stated strategy is to build a scale, professional advice business that aggregates assets through a predominantly fee-based model. PIFC’s focus on the employee benefits market supports this strategy through its strong relationships with talent rich, people businesses with high levels of remuneration.”

PIFC managing director Nick Burns says: “Our stated strategy is to build a scale, professional advice business that aggregates assets through a predominantly fee-based model. PIFC’s focus on the employee benefits market supports this strategy through its strong relationships with talent rich, people businesses with high levels of remuneration.”

Axa executive director Paul Evans says: “We have ambitious plans to expand the Thinc Group into a market-leading advice firm and I am delighted that the Group has successfully attracted one of the premier consultancy firms in London.”

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