Punter Southall Group is to merge its actuarial, investment consulting and administration businesses with Xafinity to create a new specialist pensions consultancy firm.
Punter Southall said the new firm would have the scale and capabilities to offer a "genuine pensions-focused alternative to the global consultancies in the industry". Both firms operate in the occupational pension space. Under the proposed deal, Punter Southall, Punter Southall Investment Consulting and Punter Southall Administration are being acquired by Xafinity for a combination of cash and shares. As a result, Punter Southall Group will become the largest single shareholder in Xafinity. Punter Southall said the merger will create a business of significant scale, enabling client...
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