Westerby Group snaps up pension provider and IFA Redswan

The asset purchase of Manchester-based Redswan's IFA business and two trustee companies for self-invested personal pensions (SIPP) and small self-administered schemes (SSAS) means they are now part of the Westerby Group. The deal marks the latest acquisition by Westerby, which recently became an Employee Ownership Trust, when the chairman and founder Les McLintic transferred all his ordinary voting shares in the company to the trust to make employees beneficiaries of any future profits. Westerby said this acquisition is part of its established growth strategy of acquiring businesses w...