Global insurance and employee benefits intermediary group Howden has completed its acquisition of Barnett Waddingham, creating one of the largest pensions and employee benefits firms in the UK.

The group initially announced plans for the acquisition last month, with the combined business set to offer a full range of employee benefits and pensions advisory services to corporate clients, as well as providing health, life and specialist pension products to individuals.

Commenting on the news, Barnett Waddingham senior partner, Andrew Vaughan, said: “We’re delighted to begin our long-term journey with Howden now that the deal is officially complete.

"This significantly enhances our ability to deliver greater value to clients through expanded capabilities, alongside Howden’s impressive global reach and expertise.”

The group also confirmed that all of the Barnett Waddingham partners have reinvested into Howden, which it highlighted as demonstration of their long-term commitment to the business.

This article originally appeared on our sister title, PensionsAge.

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