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KPMG signs agreement to sell its UK pensions practice

KPMG signs agreement to sell its UK pensions practice

KPMG, the professional services firm, today confirms that it has signed a conditional agreement to sell its market-leading UK pensions practice to NewCo, which is backed by private equity firm Exponent and KPMG UK’s current pensions partners.

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Andrew Coles

Once completed, the sale will see all 20 partners and circa 500 staff currently employed in KPMG’s UK pensions practice transfer to the NewCo.

Andrew Coles, currently UK Head of Pensions at KPMG, will be NewCo’s Chief Executive Officer.

The company will announce further details upon completion.

 

ENDS

 

For media queries only, please contact:

Katy Broomhead, Senior PR Manager

Tel: 0161 246 4623 / 07824 537963

Email: katy.broomhead@kpmg.co.uk

 

KPMG Press office

Tel:  +44 (0) 20 7694 8773

 

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 16,300 partners and staff.  The UK firm recorded a revenue of £2.338 billion in the year ended 30 September 2018. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 154 countries and has 200,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such.

© 2020 KPMG LLP, a UK limited liability partnership, and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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