Gallagher has acquired First Actuarial for an undisclosed amount. First Actuarial provides a comprehensive range of pension advisory services to trustees and employers across the UK. Its offerings include actuarial, administration, and investment consultancy for defined benefit, defined contribution, and collective defined contribution schemes, alongside financial wellbeing and employee benefits. The company, known for its people-focused approach and professional integrity, operates from offices in Basingstoke, Leeds, London, Manchester, Peterborough, and Tonbridge.
This acquisition represents a strategic expansion for Gallagher, a global professional services firm, in the UK's dynamic pensions and employee benefits market. First Actuarial's deep expertise in pension advisory and administration, coupled with its client-centric ethos, is expected to significantly enhance Gallagher's existing capabilities. The move is not a funding round but a clear corporate acquisition, designed to integrate First Actuarial's specialist services into Gallagher's broader offering.
The integration is anticipated to yield substantial synergies by expanding Gallagher’s service portfolio and providing a more comprehensive suite of actuarial and consulting expertise to a wider array of clients. First Actuarial’s innovative approaches, including its work on collective defined contribution schemes and tailored financial wellbeing programmes, will complement Gallagher’s established market presence. This will allow the combined entity to support trustees and employers more effectively in navigating complex pension landscapes.
Looking forward, the unified operation is positioned to deliver a more robust and integrated offering. The aim is to empower a wider range of organisations with expert guidance and solutions, ultimately helping more employees secure their financial future through considered pension and benefit strategies.