• Register
Return to: Home > News > Tussle for KPMG’s UK pensions advisory unit goes into round two

Tussle for KPMG’s UK pensions advisory unit goes into round two

Investment consultancy partnership Lane Clark and Peacock (LCP) is reported to be among the shortlisted handful of potential bidders for KPMG’s pensions advisory arm in a second round of bidding.

Sky News has reported that LCP is prepping £200m bid for the unit. Initial valuations bandied around in the trade press in July were around the £120m mark.

LCP, backed by mid-market private equity firm Inflexion, reported a record income of £114.9m in its latest annual report, an 8.5% increase from 2017/18.

KPMG’s pensions division has some £50bn under advice and employees 20 partners and around 450 staff.

Top Content

    Brazil: regulation and technology form basis for recovery

    Opportunities in the capital markets and the ever-growing influence of technology are expected to have a significant impact on the Brazilian accounting profession over the next 12 months, writes Paul Golden.

    read more

    Mentoring support and the opportunity to delegate

    Jon Lisby will be known to many from his former role as CEO of Kreston International. Here, he explains the background to his new venture, Global Alliance Advisory Services (GAAS), and how he aims to offer support to alliance CEOs.

    read more

    Global by name, global by nature

    Stephen Heathcote became chief executive officer of PrimeGlobal on 1 June 2019. Robin Amlôt met him to discuss the various new challenges that he has taken on, and his ambitions for the association.

    read more

    ARGA team, assemble!

    The new top team has been named that will see in root-and-branch reform at the Financial Reporting Council (FRC) as it transforms into the Audit, Reporting and Governance Authority (ARGA). Will the new duo be as dynamic as some are hoping? Robin Amlôt reports.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.