28 August 2014 Insurance

Willis acquires Irish businesses

Willis Ireland, part of Willis Group, has acquired a range of Irish pension and financial advisory businesses from IFG Group.

Willis will acquire IFG Pensco, a pensions, consultancy and administration business; Retirement Strategies and IFG Private Clients, which are both financial advisory companies; Planlife Trustee Services, a professional trustee company; and Trade Credit Brokers, a trade credit broking business.

This acquisition will bring more than 100 people from the IFG Ireland pension and financial advisory businesses into Willis Ireland, including professional trustees and investment, pensions and wealth management specialists.

Gary Owens, IFG group director and chief executive officer (CEO) of IFG Ireland, will become head of the combined pension and human capital and benefits business of Willis Ireland.

Tim Wright, CEO of Willis International, and leader of Willis’ global human capital and benefits practice, said: “This is the latest addition to our expanding global practice and reflects our commitment to this exciting area and to the Irish market.

“We see the potential for strong growth in the Irish human capital and benefits sector, boosted by changing demographics and a rising awareness of the need to save for retirement. These acquisitions have an excellent pedigree and will help broaden and deepen our existing presence both in Ireland and worldwide.”

Brian Curtis, CEO of Willis Ireland, said: “Willis has been at the forefront of the Irish market for many decades, specialising in both defined benefit and defined contribution pensions. This acquisition reinforces Willis’ position by complementing and strengthening our current business. The addition of such a high calibre team of experts further enhances our service to existing and future clients.”

Owens added: “We see this as being very positive for clients and staff. Combining the two businesses enables our clients to gain from access to global resources delivered by local expertise and personalised service. It will also expand the range of services available to clients.”

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk